A Sea Waybill may be used in lieu of a Bill of Lading whenever banking arrangements, requiring negotiable documents, are NOT involved in the sale of goods. The Sea Waybill is therefore suitable for regular shipments between related companies which do not require settlements through banks or third parties.
At the present time, Sea Waybills cannot be used in all countries due to respective national laws. For further information, please refer to the respective Country SOPs.