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CHAPTER 13 Lending on waybills and other documents – banker’s dream or financier’s nightmare?

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?

Professor A. Tettenborn
1

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.

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