Section 3 — Possession, indorsement and effect of electronic trade documents
Extent: E+W+S+N.I.
This version in force from 2023-09-20
Snapshot: 2026-08-24
Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .
(1) A person may possess, indorse and part with possession of an electronic trade document.
(2) An electronic trade document has the same effect as an equivalent paper trade document.
(3) Anything done in relation to an electronic trade document has the same effect (if any) in relation to the document as it would have in relation to an equivalent paper trade document.
(4) An electronic trade document is to be treated as corporeal moveable property for the purposes of any Act of the Scottish Parliament relating to the creation of a security in the form of a pledge over moveable property.