In what circumstances is it possible for the carrier to issue a sea waybill rather than a bill of lading?

Where the shipment is an in-house shipment, or where the goods are consigned to a specified consignee (and not “to order”) and the terms of the contract of sale don’t require a bill of lading (e. g. where a letter of credit will not be issued to effect payment) – in other words, where a negotiable document is not required.

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