8.7-304 - Bills of lading in a set. - Virginia Statutes

§ 8.7-304. Bills of lading in a set.

(1) Except where customary in overseas transportation, a bill of lading mustnot be issued in a set of parts. The issuer is liable for damages caused byviolation of this subsection.

(2) Where a bill of lading is lawfully drawn in a set of parts, each of whichis numbered and expressed to be valid only if the goods have not beendelivered against any other part, the whole of the parts constitute one bill.

(3) Where a bill of lading is lawfully issued in a set of parts and differentparts are negotiated to different persons, the title of the holder to whomthe first due negotiation is made prevails as to both the document and thegoods even though any later holder may have received the goods from thecarrier in good faith and discharged the carrier's obligation by surrender ofhis part.

(4) Any person who negotiates or transfers a single part of a bill of ladingdrawn in a set is liable to holders of that part as if it were the whole set.

(5) The bailee is obliged to deliver in accordance with part 4 of this titleagainst the first presented part of a bill of lading lawfully drawn in a set.Such delivery discharges the bailee's obligation on the whole bill.

(1964, c. 219.)