Part 5
Other commercial matters
Bills of lading, sea waybills, and ship’s delivery orders:
Rights under shipping documents
318Transfer extinguishes certain rights
If rights are transferred under section 314 in relation to a document, the transfer extinguishes any entitlement that a person has to those rights that derives,—
- in the case of a bill of lading, from the person having been an original party to the contract of carriage; or
- in the case of any document to which this subpart applies, from the previous operation of that section in relation to the document.
However, section 314 does not limit any rights a person has—
- that derive from the person having been an original party to the contract contained in, or evidenced by, a sea waybill:
- in relation to a ship’s delivery order, that derive otherwise than from the previous operation of that section in relation to the order.