Sea Waybill Under a Letter of Credit: Key Differences
How a non-negotiable sea waybill differs from a bill of lading under a Letter of Credit.
Reviewed by LCCheck team (owner-approved) · 2026-10-12
Short answer
A non-negotiable sea waybill is examined under UCP 600 Article 21. Unlike a bill of lading it is not a document of title: goods are released to the named consignee without presenting an original. That reduces the bank's and buyer's security, so it is only acceptable if the credit calls for it.
| Rule | UCP 600 Art. 21 |
|---|---|
| Document of title | No |
| Release | To named consignee |
Differences
- Cannot be endorsed or transferred.
- Consignee can collect goods without original.
- Faster release for trusted parties.
Check
- Credit specifically asks for a sea waybill.
- Consignee as required.
- Signature, on-board date, ports.
Sources
General guidance, not legal advice. Your bank examines documents independently.
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