Sea Waybill is a transport document used in sea shipments that acts as proof of receipt of goods and contract of carriage but does not serve as a document of title.
How It Works:
- Goods are handed over to the carrier.
- The carrier issues the sea waybill.
- The document contains shipment details.
- Goods are delivered to the consignee without requiring original document presentation.
Benefits:
- Accelerates cargo release by eliminating the need for original document exchange
- Reduces administrative delays in international trade transactions
- Enhances efficiency in logistics operations for trusted trade relationships
- Minimizes documentation risk and handling costs
Example:
A consignee receives goods at the destination port without presenting the original bill of lading when a sea waybill is used.