Comment / Electronic negotiable cargo documents – the UN’s solution

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In 2019, the UNCITRAL secretariat began to work on an international instrument on negotiable cargo documents, in order to open up opportunities for trade finance and facilitate international trade. TT Club explains the key issues of importance that are to be considered and still to be resolved.

It is envisaged that the instrument could apply to any mode of transport in a multimodal or unimodal context.  Currently, negotiable bills are only possible in maritime transport. The application ...