What is a Seaway Bill of Lading?
What is a Sea Waybill of Lading?
Definition and Purpose
- A sea waybill of lading is a non-negotiable transport document used in international shipping, serving as evidence of the contract of carriage and receipt of goods.
- Unlike traditional bills of lading, it does not confer title to the goods, meaning that the goods can be released to the consignee without presenting the original document.
Benefits and Usage
- The sea waybill facilitates faster delivery processes, making it ideal for situations where there is a trusting relationship between buyer and seller or when payment has been secured in advance.