Definition
A non-negotiable ocean transport document that lets cargo be released without surrendering an original B/L.
A sea waybill evidences the contract of carriage and receipt of goods like a Bill of Lading, but it is not a document of title and cannot be traded. Cargo is released to the named consignee on identification rather than against an original document.
It speeds release and removes the risk of delayed or lost originals, making it ideal where there is no need to transfer title in transit and no documentary letter of credit requiring an original B/L. It is closely related to a telex/express release.
Related terms
Bill of Lading (B/L)
The carrier’s document that acts as a receipt for cargo, a contract of carriage, and a document of title.
Air Waybill (AWB)
The non-negotiable transport document and contract of carriage for an air freight shipment.
Delivery Order (D/O)
An instruction authorizing the terminal or warehouse to release cargo to the named party.
Consignee
The party named to receive the goods at destination, as stated on the transport document.
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