Clause 3 - Possession, indorsement and effect of electronic trade documents

Part of Electronic Trade Documents Bill [Lords] – in a Public Bill Committee am 4:30 pm ar 19 Mehefin 2023.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Paul Scully Paul Scully Parliamentary Under Secretary of State (Department for Science, Innovation and Technology) 4:30, 19 Mehefin 2023

This clause provides that a person may possess, and part with possession of, an electronic trade document. It removes the legal blocker that prevents trade documents in electronic form from being possessed, and therefore from having the same legal status as paper trade documents. The clause is fundamental to ensuring that there is equivalence between the two, which is needed if we are to meet our policy aims.