Negotiable transport document definition

Negotiable transport document means a transport document that indicates, by wording such as “to order” or “negotiable” or other appropriate wording recognized as having the same effect by the law applicable to the document, that the goods have been consigned to the order of the shipper, to the order of the consignee, or to bearer, and is not explicitly stated as being “non-negotiable” or “not negotiable”.
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Negotiable transport document means a transport document that indicates, by wording such as "to order" or "negotiable" or other appropriate wording recognized as having the same effect by the lawgoverning the document, that the goods have been consigned to the order of the shipper, to the order of the consignee, or to bearer, and is not explicitly stated as being "non-negotiable" or "not negotiable". 21. The definition should succeed any definition of the term “transport document” (Art. 1.20). As has already been pointed out by various parties during the consultation process within the CMI, the use of the term “negotiable” is problematic. The definition here proposed does not make clear what effect “consignment” of the goods “to the order of the shipper, consignee or bearer” actually has. In some legal systems, a document as defined here is truly negotiable in the sense of conferring good title (i.e. property free from any defects) to the consignee/endorsee. In other systems, such a document may not transfer more than the exclusive right to demand delivery from the carrier. In some legal systems, the notation “to order” may not be the relevant criterion for the transferability of the right.
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Negotiable transport document means a transport document that indicates, by wording such as “to order” or “negotiable” or other appropriate wording recognized as having the same effect by the law applicable to the document, that the goods have been consigned to the
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More Definitions of Negotiable transport document

Negotiable transport document means a transport document that indicates, by wording such as “to order” or “negotiable” or
Sample 1
Negotiable transport document means a transport document that indi- cates, by wording such as “to order” or “negotiable” or other appropriate
Sample 1
Negotiable transport document means a transport document that indicates, by wording such as “to order” or “negotiable” or other appropriate wording recognized as having the same effect by the law governing the document, that the goods have been consigned to the order of the shipper, to the order of the consignee, or to bearer, and is not explicitly stated as being “non-negotiable” or “not negotiable”.The purpose of this definition is to give indications for identifying a negotiable transport document by scrutinizing its face. Further indications already appear in the definition of “transport document” in article 1.20 below. The rules as to delivery under such a document appear in article 10.3.2. The rules as to transfer of such a document appear in article 12.1. Both of these rely on the definition of “holder” which appears in article 1.12.The use of the English word “negotiable” has been much discussed, and it is undoubtedly true that in some common law countries the word is not technically correct when applied to a bill of lading. Some would prefer the word “transferable” as being more neutral. It has been thought best to retain “negotiable” on the basis that even if in some legal systems inaccurate, it is well understood internationally (as is evidenced by the use of the word “non- negotiable” in article VI of the Hague Rules), and that a change of nomenclature might encourage a belief that a change of substance was intended.
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Related to Negotiable transport document

  • Transport Document means a document which evidences a contract of carriage and the taking over or loading of goods by a carrier, made out in the form of a bill of lading or consignment note or of any other document used in trade;

  • Credit Support Document means any agreement or instrument that is specified as such in this Agreement.

  • Mortgaged Property Support Documents means with respect to any real property subject to a Mortgage, the deliveries and documents described on Schedule 1.01(e) attached hereto.

  • ballot document means a ballot paper, internet voting record, telephone voting record or text voting record.

  • procurement document means any document produced or referred to by the contracting authority to describe or determine elements of the procurement or the procedure, including the contract notice, the prior information notice where it is used as a means of calling for competition, the technical specifications, the descriptive document, proposed conditions of contract, formats for the presentation of documents by candidates and tenderers, information on generally applicable obligations and any additional documents;

  • Operative Document means a bond declaration, trust agreement, indenture, security

  • relevant document means, with respect to a Receivable:

  • Settlement Document shall have the meaning set forth in Section 2.02(a).

  • T E Document means Tender Enquiry Document

  • Agreement Documents means the instructions to proponents, scope of service, addenda, response to the RFP, and the acceptance of proposal together with all subsequently negotiated agreements, written amendments, modifications, and supplements to such documents and all written authorizations signed by the administrator(s) amending, deleting, or adding to the contract.

  • Procurement Documents means the procurement documents attached hereto as Schedule F (if any);

  • Netting agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.

  • VIE Agreements means the Exclusive Service Agreement, the Exclusive Call Option Agreement, the Shareholder Voting Rights Proxy Agreement and the Equity Pledge Agreement entered into by and among one or more Parties to this Agreement, including any supplemental agreements or amendments to such agreements, and any other agreements, contracts or legal documents executed or issued by one or more Parties from time to time to ensure the performance of the aforesaid agreements, signed or accepted by Party A in writing.

  • TE Document means Tender Enquiry Document

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Trade Agreements means any applicable trade agreement to which Ontario is a signatory.

  • Secured Credit Document means (i) the Credit Agreement and each other Loan Document (as defined in the Credit Agreement), (ii) each Initial Additional First Lien Document and (iii) each Additional First Lien Document.

  • Operative Documents means the Purchase Agreement, the Indenture, the Trust Agreement, the Guarantee Agreement, the Notes and the Trust Securities.

  • Related Agreements shall have the meaning specified in the recitals to the Administration Agreement.

  • Financing Document means any credit agreement, guarantee, financing or security agreement or other agreements or instruments governing indebtedness of the Company or any of the Company Subsidiaries.