554.2323 Form of bill of lading required in overseas shipment — 'overseas'. 1. Where the contract contemplates overseas shipment and contains a term C.I.F. or C. & F. or F.O.B. vessel, the seller unless otherwise agreed must obtain a negotiable bill of ladingstating that the goods have been loaded on board or, in the case of a term C.I.F. or C. & 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 maydemand 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 Article on cure of improper delivery (section 554.2508, subsection 1); 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 indemnitywhich the buyer in good faith deems adequate. 3. A shipment by water or by air or a contract contemplating such shipment is 'overseas' insofar as by usage of trade payment upon furnishing an indemnitywhich the buyer in good faith deems adequate. 3. A shipment by water or by air or a contract contemplating such shipment is 'overseas' insofar as by usage of trade or agreement it is subject to the commercial, financing or shippingpractices characteristic of international deep water commerce. [C66, 71, 73, 75, 77, 79, 81, §554.2323]2007 Acts, ch 30, §45, 46, 51; 2015 Acts, ch 29, §88Referred to in §554.2103, 554.2319, 554.2503 Sat Dec 23 01:49:51 2023 Iowa Code 2024, Section 554.2323 (25, 0)
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