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UN Commission approves draft legislation on negotiable cargo documents

Summary by Trade Finance Global
The United Nations Commission on International Trade Law (UNCITRAL) has given its backing to approving draft legislation that extends negotiable cargo documents (NCDs) to all forms of transport. The draft convention, approved on Monday, 14 July, during UNCITRAL’s 58th session, addresses a legal gap that has hampered international commerce. Until now, only maritime transport has benefited from widely recognised negotiable documents – bills of lad…
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Trade Finance GlobalTrade Finance Global

UN Commission approves draft legislation on negotiable cargo documents

The United Nations Commission on International Trade Law (UNCITRAL) has given its backing to approving draft legislation that extends negotiable cargo documents (NCDs) to all forms of transport. The draft convention, approved on Monday, 14 July, during UNCITRAL’s 58th session, addresses a legal gap that has hampered international commerce. Until now, only maritime transport has benefited from widely recognised negotiable documents – bills of lad…

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Trade Finance Global broke the news in on Thursday, July 17, 2025.
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