Created in the early 1980s to correct the disadvantages of the bill of lading, the Sea Waybill (SWB) is a non-negotiable transport document issued by the maritime carrier.
The SWB is a document evidencing the contract of carriage and the characteristics of the goods loaded but does not represent the goods. As it does not represent the goods, it is merely a receipt for the goods.
However, like any commercial document, it has advantages and disadvantages.
Advantages of the Sea Waybill …read more on maritimafrica.com