Sea waybill
Also called: SWB · non-negotiable waybill
A non-negotiable transport document for sea carriage that serves as a receipt for the goods and evidence of the contract of carriage, but is not a document of title. The goods are delivered to the named consignee on identification, without surrender of an original document.
In practice
Sea waybills speed up delivery between trusted parties, but they are unsuitable when a bank needs title documents under a letter of credit.
EU
Türkiye
UK
USARelated terms
- Bill of lading
- The transport document issued by an ocean carrier or its agent acknowledging receipt of goods for shipment. It evidences the contract of carriage…
- Letter of credit
- A payment undertaking by a bank, issued at the buyer's request, to pay the seller when it presents documents that strictly comply with the credit's…
- Cargo manifest
- A list of all goods carried on a vessel, aircraft or vehicle, prepared by the carrier and submitted to customs. It links each consignment to its…