Presentation – Letter of Credit Documents

What are the documents commonly used in letter of credit transactions? Understanding the main characteristics and usage of the letter of credit documents.

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10. Non-Negotiable Sea Waybill

  • Non-negotiable sea waybill or Non-Negotiable Bill of Lading is a transport document used in sea shipments.
  • A sea waybill is non-negotiable, which means that the consignee cannot endorse the sea waybill and transfer it to another person to take delivery delivery of the cargo.
  • Non-negotiable sea waybill is covered under article 21 of the UCP 600.
  • To comply with UCP 600 article 21, a non-negotiable sea waybill must appear to cover a port-to-port shipment but need not be titled “Non-negotiable Sea Waybill” or similar.
  • For detailed information please visit our Non-Negotiable Sea Waybill page