The UNCITRAL Model Law on Electronic Transferable Records: an overview

Certain commercial documents incorporate a right to performance: the holder of the document, ie the person who possesses it, may present the document to the debtor and request delivery of goods or payment. These documents may be collectively referred to as transferable documents and instruments, documents of title, etc.

This includes bills of lading, cheques, bills of exchange, promissory notes, warehouse receipts, certificates of insurance, and possibly letters of credit.