A waybill is a document issued by a common carrier acknowledging the receipt of goods by the carrier and the contract for shipment of a consignment of that cargo.
A waybill is similar to a courier's receipt, which contains the details of the consignor and the consignee and the point of origin and the destination.
Under s.1(3) of the Act, a sea waybill is: "any document which is not a bill of lading but is such a receipt for goods as contains a contract for the carriage of goods by sea; and identifies the person to whom delivery of the goods is to be made by the carrier in accordance with that contract".
s.2 continues: "...a person who becomes the person who (without being an original party to the contract of carriage) is the person to whom delivery of the goods to which a sea waybill relates is to be made by the carrier in accordance with that contract ... shall (by virtue of becoming the person to whom delivery is to be made) have transferred to and vested in him all rights of suit under the contract of carriage as if he had been a party to the contract of carriage".
Note: the UK's Contracts (Rights of Third Parties) Act 1999 does NOT apply to contracts for the carriage of goods by sea.
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