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This entry was published on 2014-12-26
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SECTION 7-304
Tangible Bills of Lading in a Set
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 7, PART 3
Section 7--304. Tangible Bills of Lading in a Set.

(a) Except as customary in international transportation, a tangible
bill of lading may not be issued in a set of parts. The issuer is liable
for damages caused by violation of this subsection.

(b) If a tangible bill of lading is lawfully issued in a set of parts,
each of which contains an identification code and is expressed to be
valid only if the goods have not been delivered against any other part,
the whole of the parts constitutes one bill.

(c) If a tangible negotiable bill of lading is lawfully issued in a
set of parts and different parts are negotiated to different persons,
the title of the holder to which the first due negotiation is made
prevails as to both the document of title and the goods even if any
later holder may have received the goods from the carrier in good faith
and discharged the carrier's obligation by surrendering its part.

(d) A person that negotiates or transfers a single part of a tangible
bill of lading issued in a set is liable to holders of that part as if
it were the whole set.

(e) The bailee shall deliver in accordance with Part 4 of this article
against the first presented part of a tangible bill of lading lawfully
issued in a set. Delivery in this manner discharges the bailee's
obligation on the whole bill.