Sea Waybill

Sea Waybill in International Trade

Meaning of Sea Waybill, according to the Dictionary of International Trade (Global Negotiator): A transport document for maritime shipment which serves as evidence of the contract of carriage and as a receipt for the goods, but is not a document of title. The sea waybill indicates the on board loading of the goods and can be used in cases where no ocean bill of lading and no other document of title is required. For receipt of the goods, presentation of the sea waybill by the consignee named therein is not required, which can speed up processing at the port of destination. See bill of lading; ocean bill of lading.