The UN Convention on Transferable Bills of Lading for Goods will be open for signature in Accra, the capital of Ghana, on October 26, 2026. According to the Ministry of Commerce of the People's Republic of China, China plans to actively sign the document and promote its entry into force as soon as possible.
The new convention is expected to bring an important change to international trade. It introduces so-called transferable bills of lading, which can be used for various modes of transport, not just in maritime transport. These documents are intended to acquire similar legal characteristics to traditional marine bills of lading, which are documents associated with ownership rights to goods.
According to the Chinese Ministry of Commerce, the convention could significantly contribute to the development of world trade. Its aim is to increase legal certainty in cross-border trade transactions and, at the same time, strengthen the stability of global supply chains.
In practice, the new rule could make it easier for traders, carriers, and financial institutions to work with documents that confirm the handling and transfer of goods. Importantly, the convention provides for the use of transferable documents across all modes of transport. This reflects the current state of world trade, where goods are often transported by a combination of sea, rail, road, and air.
The Chinese side emphasizes that the convention is important not only for trade transactions themselves, but also for trade financing and the smooth functioning of supply chains. These areas have come to the forefront in recent years due to disruptions to global logistics, geopolitical tensions, and increasing demands for faster and more secure movement of goods between countries.
gnews.cz/CMG
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