                                 CODE OF VIRGINIA

FORM OF BILL OF LADING REQUIRED IN OVERSEAS SHIPMENT; &#8220;OVERSEAS.&#8221;
(§ 8.2-323)

1. Where the contract contemplates overseas shipment and contains a term C.I.F.
or C. &amp; F. or F.O.B. vessel, the seller unless otherwise agreed must obtain
a negotiable bill of lading stating that the goods have been loaded on board or,
in the case of a term C.I.F. or C. &amp; F., received for shipment.

2. Where in a case within subsection (1) a tangible bill of lading has been
issued in a set of parts, unless otherwise agreed if the documents are not to be
sent from abroad the buyer may demand tender of the full set; otherwise only one
part of the bill of lading need be tendered. Even if the agreement expressly
requires a full set:

   a. due tender of a single part is acceptable within the provisions of this
   title on cure of improper delivery (subsection (1) of &#xA7; 8.2-508); and

   b. even though the full set is demanded, if the documents are sent from abroad
   the person tendering an incomplete set may nevertheless require payment upon
   furnishing an indemnity which the buyer in good faith deems adequate.

3. A shipment by water or by air or a contract contemplating such shipment is
&#8220;overseas&#8221; insofar as by usage of trade or agreement it is subject
to the commercial, financing or shipping practices characteristic of
international deep water commerce.

HISTORY: 1964, c. 219; 2004, c. 200.