TT Talk - TT Club Sea waybill (Series 500)


  • Date: 07/06/2008
  • Source: TT Talk 109

In order to meet a demand from Members, the TT Club has developed a Sea waybill. This TT Club Sea waybill Series 500 follows the structure of the TT Club Bill of lading Series 100 as far as possible. It works on two principles: (i) voluntary incorporation of Hague/Hague-Visby and US COGSA (to that extent, this Sea waybill ‘pretends’ to be a Bill of Lading); and (ii) incorporation of the CMI Uniform Rules for Sea Waybills (reflecting the effective approach of the BIMCO Combiconwaybill).

www.ttclub.com

(-> Log in at ‘My TT Club’ -> Legal -> Model Conditions)

The CMI Uniform Rules for Sea Waybills can be accessed on the website of the Comité Maritime

International (CMI):

www.comitemaritime.org/cmidocs/rulessaway.html

The main difference between a sea waybill and a bill of lading is that a waybill is not a document of title; this enables the consignee to obtain delivery without surrender of an original carriage document. Members have the option to use the Bill of lading Series 100 or the Sea waybill Series 500, depending on commercial requirements. If no document of title is needed, Members are encouraged to use the Sea waybill Series 500 and discouraged from attempting to transform the Bill of lading Series 100 into a waybill, for instance, by stamping it as ‘express’. Members who issued a waybill will be aware that they (or their agent) must obtain clear identification from the person who claims delivery of the cargo.

Members can use the following web link (and path) to download the TT Club Sea waybill (Series 500) from the Club’s website:

24 Hour Claims Hotline
+44 7000 882582

Through Transport Mutual Insurance Association Limited and TT Club Mutual Insurance Limited, trading as the TT Club. TT Club Mutual Insurance Limited, registered in the UK (Company number: 02657093) is authorised by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority. In Hong Kong, TT Club Mutual Insurance Limited is authorised and regulated by the Hong Kong Insurance Authority, in Singapore by the Monetary Authority of Singapore and in Australia by the Australian Prudential Regulation Authority. In the United States, TT Club Mutual Insurance Limited is approved as a surplus lines insurer in all states and is accessible through properly licensed surplus lines brokers. The registered offices are: 90 Fenchurch Street, London, EC3M 4ST.

Through Transport Mutual Insurance Association Limited, registered in Bermuda (Company number: 1750) is authorised and regulated in Bermuda by the Bermuda Monetary Authority and is authorised in the UK by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority.

The UK VAT Identification number for Through Transport Mutual Insurance Association Limited is: GB 564 5244 35 and for TT Club Mutual Insurance Limited is: GB 564 3375 30. The Italian VAT Identification number for TT Club Mutual Ltd is: 03627210101.