1Definition of “paper trade document”
1
A document is a “paper trade document” for the purposes of this Act if—
a
it is in paper form,
b
it is a document of a type commonly used in at least one part of the United Kingdom in connection with—
i
trade in or transport of goods, or
ii
financing such trade or transport, and
c
possession of the document is required as a matter of law or commercial custom, usage or practice for a person to claim performance of an obligation.
2
The following are examples of documents that are commonly used as mentioned in subsection (1)(b)—
a
a bill of exchange;
b
a promissory note;
c
a bill of lading;
d
a ship’s delivery order;
e
a warehouse receipt;
f
a mate’s receipt;
g
a marine insurance policy;
h
a cargo insurance certificate.