LEGAL PERSPECTIVE ON THE ELECTRONIC BILLS OF LADING
Abstract
- The Bill of Lading is the most important document for international trade and has been for hundreds of years. The bill of lading permits goods to be traded while in transit, many times before they reach their destination. Possession of the bill of lading is equivalent to the possession of the goods. Today, traditional bill of lading faces problems caused by the delay of the document, fraud, and high costs of generating. International trade transactions are increasingly using EDI (Electronic Data Interchange) and the problem of the bill of lading was to introduce the use of the electronic bill of lading in shipping trade by replicating the traditional bill of lading with the electronic bill of lading. Using the electronic bill of lading will reduce time and cost. But the electronic bill of lading faces problems in some jurisdictions relating to its legal recognition.
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Year
- 2024
Author
-
Thet Oo Zan
Subject
- Geography, History, International Relation and Political Science, Geology, Statistics, Management Studies, Law, Journalism
Publisher
- Myanmar Academy of Arts and Science (MAAS)