After the crisis of B/L, Electronic Bills of Lading is thought as the most effective solution to the problems of present B/L system. Electronic Bills of Lading system is a system that the ownerships of goods is transferred through electronic title reg...
After the crisis of B/L, Electronic Bills of Lading is thought as the most effective solution to the problems of present B/L system. Electronic Bills of Lading system is a system that the ownerships of goods is transferred through electronic title registry instead of issuing and transferring paper bill of lading. Bolero, one of Electronic Bills of Lading, replicated the function of bills of lading in a creative way. The Bolero system adopts a contractual mechanism that relies on the principles of novation to transfer the contract of carriage, and of attornment, for the carrier to acknowledge it holds the goods to the order of the transferee. In introducing the Bolero system to our legal system, we need to examine whether that system is the most effective one and to study on some expected conflicts between our legal system and the British legal system on which Bolero system based, especially the effect of attornment and novation.