JIFFA Waybill
Waybills – which were approved as documents for cargo transport in the International Chamber of Commerce (ICC)'s Uniform Customs and Practice for Documentary Credits, 1993 Revision (UCP500) that took effect on Jan. 1, 1994 – are in wide use today.
Unlike bills of lading (B/Ls), waybills are not submitted in exchange for picking up cargoes, and as such, cargo can be delivered to consignees at ports of destinations faster.
Even though they are not valuable securities, even if consignees lose their waybills, they will not be at risk.
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