This major textbook covers the commercial contracts relating to shipping, addressing the sale, finance and carriage contracts as a single commercial transaction by focusing on the Bill of Lading. It places the study of the Bill of Lading in the commercial context in which it is normally used and shows the practical importance of the relevant rules. Restructured and extensively rewritten, the new edition incorporates significant developments in legislation, international conventions and contractual rules. These include the Carriage of Goods by Sea Act 1992, The Sale of Goods (Amendment) Acts 1994 and 1995, The Hamburg Rules, and the ICC's 1993 Revision of the Uniform Customs and Practice for Documentary Credits. It also includes new chapters on the shipping duties of sellers and buyers, on frustration, and on electronic trading. The text is supported by appendices containing sample trade forms and by relevant statutory materials including a fully updated version of The Sale of Goods Act 1979.