Analysis Of The Sea Transport Document Under ISBP745

As time goes by, the Open door policy has made great impact on the Chinese market. Many companies go abroad to seek more opportunities to sell their products. This booms the international trade market. Letter of credit as one of the most important trade settlement methods is used widely. It is well known that UCP600 and ISBP745 are the two main rules refer to letter of credit. Compared with UCP600, ISBP745 which published in 2013 contained many detailed regulation. This essay focused on the sea transport documents under the letter of credit including the transport document covering bill of lading, non-negotiable sea waybill. Through detailed analysis, this essay provides the objective evaluation including the innovation, applicability, and also the flaws of the ISBP745, such as the rules of forwarder Bill of Lading, the consignee under non negotiable seaway bill, the shipper of the transport documents under transfer letter of credit. Concerning of the above, practitioners of the international trade market could find out the methods to cope with the changed regulations. This essay aims to attract more attention and map out a pathway to promote the future use of ISBP745.