Bill of Lading
"What is the legal significance of a bill of lading in Turkish trade?"
Quick Answer
A bill of lading serves as a receipt, contract of carriage, and document of title. Turkish Commercial Code recognizes it as a negotiable instrument.
Scope and Legal Distinctions
A bill of lading evidences the carriage relationship and may also control delivery of cargo. It should be distinguished from a non-negotiable sea waybill.
What to Check in Practice
Compare consignee and endorsement details, the original-document requirement, freight terms and the carrier's reservations with the sales contract and insurance documents.
Sources & Authorities
Statutory framework and official guidance for this definition.
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