The United Nations Commercial International Commercial Law (UNCITRAL) has approved a draft agreement on “negotiable shipping documents”, which are standard forms that can serve as a comprehensive bill for any means of transportation.
The committee’s vote recommends the new standards of adoption by the United Nations General Assembly when it meets in late 2025.
According to the United Nations, shipping bills were widely used as documents for the title in the marine sector, but transportation documents issued by transport companies, roads and air companies (often known as “shipping notes”) cannot serve this job.
This legal gap has created problems in the cash flow of small companies when goods are transported via internal roads, and limited opportunities for companies in non -coastal areas for cross -border trading, and hindered the development of smooth transportation services from door to door.
To alleviate these challenges, the new coordination can act as a marine shipping force to transport goods to any method of transportation in a multimedia or non -intermediate context.
“Today it represents a pivotal moment for the future of world trade,” said Betty Crawnca, head of the sixth working group, in a statement. “The Committee has put the finishing touches on a text that blocks the long -term legal gap, which extends the benefits installed on negotiating all forms of transport. This will enable small companies to reach financing, non -coastal countries to fully participate in global trade, and the United States all to build a more efficient, flexible and digital commercial system.”
