TT Talk Edition 105 - 01/02/2008

The original bill of lading is a valuable document and great care should be taken to ensure that it is not lost.

A bill of lading may not be lost or unavailable, but still the issuer faced with a request to provide new, revised documents. It’s another warning!

There may be many circumstances where a bill of lading issuer is asked to deliver cargo without original documents being produced; take extreme care.

The importance and impact of careful drafting of contracts is exemplified in this UK Supreme Court decision. While the ruling brings clarity to English law, it represents congruence with other jurisdictions. It is most prudent to be deliberate in documenting law and jurisdiction choices in contracts.