1. (1) Where the contract contemplates overseas shipment and contains a term C.I.F. or C. and 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. and F., received for shipment.

2. (2) Where in a case within subsection (1) a

   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 article on cure of improper

   delivery (subsection (1) of Section 12A- 2-508.); and

3. (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.

4. (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 shipping practices characteristic of international deep water commerce.

   Oklahoma Code Comment

   In some domestic shipments, and in most foreign shipments, bills of lading are issued in sets, usually of four. All parts of the set

   cover the complete shipment, and are original bills. Parts of the set travel with the goods, and the other parts are sent by other means of transportation. This is done so that there will be evidence of the shipment available in the event of casualty to other parts. The presence of several original bills, however, creates the problem of bona fide purchasers of parts, which is governed by Article 5 of the Commercial Code. The problem of presenting the bills for payment is governed in this section.

   Uniform Commercial Code Comment

   The Uniform Commercial Code was developed by

   The American Law Institute and the National Conference of Commissioners on Uniform State Laws. These organizations hold the copyright on the official comments to the Uniform Commercial Code. The Oklahoma Supreme Court attempted but was unable to obtain permission to reproduce the Official Comments here. For more information on these organizations, click on the links above. To email your comments, click on one of the links below. The American Law Institute
   4025 Chestnut Street
   Philadelphia, PA 19104
   Phone: (215) 243-1600
   FAX: (215) 243-1664
   Email National Conference of Commissioners on Uniform State Laws
   676 N. St. Clair Street, Suite 1700
   Chicago, Illinois 60611
   (312) 915-0195
   Email

   Definitional Cross References:

   "

   Bill of lading". Section 1-201.
   "Buyer". Section 2-103.
   "Contract". Section 1-201.
   "Delivery". Section 1-201.
   "Financing agency". Section 2 104.
   "Person". Section 1-201.
   "Seller". Section 2-103.
   "Send". Section 1-201.
   "Term". Section 1-201.

Laws 1961, p. 84, §