The WAVE Bylaws include a legal framework under which rights and obligations from the contract of carriage are transferred in much the same way as for a paper bill of lading – by transferring possession, and where necessary endorsement, of the bill of lading. These concepts will be familiar from paper documents, and the Bylaws have been designed to allow the innovative new technology of WAVE to work seamlessly with established legal principles.
REGULATORY COMPLIANCE - ADV. Ingolf Kaiser, Partner at Stephenson Harwood