International Trade and Carriage of Goods
Page 208
CHAPTER 13
Lending on waybills and other documents - banker’s dream or financier’s nightmare?
Lending on waybills and other documents - banker’s dream or financier’s nightmare?
What should be the reaction of a bank if asked to lend against a sea waybill covering a cargo in transit? This question is the subject of this paper. It matters, for three reasons.