§ 554.2323 — Form of bill of lading required in overseas shipment — “overseas”

Iowa § 554.2323

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 554: UNIFORM COMMERCIAL CODE

Text

1. Where the contract contemplates overseas shipment and contains a term C.I.F. or C. &
F. or F.O.B. vessel, the seller unless otherwise agreed must obtain a negotiable bill of lading
stating that the goods have been loaded on board or, in the case of a term C.I.F. or C. & F.,
received for shipment.
2. Where in a case within subsection 1 a tangible bill of lading has been issued in a set of
parts, unless otherwise agreed if the documents are not to be sent from abroad the buyer may
demand tender of the full set; otherwise only one part of the bill of lading need be tendered.
Even if the agreement expressly requires a full set,
a. due tender of a single part is acceptable within the provisions of this Article on cure of
improper delivery (section 554.2508, subsection 1); and
b. even though the full set is demanded, if the documents are sent from abroad the person
tenderinganincompletesetmayneverthelessrequirepaymentuponfurnishinganindemnity
which the buyer in good faith deems adequate.
3. A shipment by water or by air or a contract contemplating such shipment is “overseas”

insofarasbyusageoftradeoragreementitissubjecttothecommercial,financingorshipping
practices characteristic of international deep water commerce.

Legislative History

[C66, 71, 73, 75, 77, 79, 81, §554.2323]