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Legal Instrument

Title

United Nations Commission on International Trade Law (UNCITRAL) Model Law on Electronic Transferable Records (MLETR)

Dates of the instrument
Signature: 13 July 2017
Entry into force*: --
Summary

The UNCITRAL Model Law on Electronic Transferable Records (MLETR) aims to enable legal recognition and use of electronic transferable records both domestically and internationally. It establishes functional equivalence between electronic records and traditional paper-based transferable documents like bills of lading, bills of exchange, promissory notes, and warehouse receipts. The Model Law provides a comprehensive framework for digitalizing transferable documents while ensuring their core commercial functions are preserved. It facilitates paperless trade by enabling secure electronic transmission, automated processing through smart contracts, and efficient data reuse, while maintaining the legal reliability of transferable documents in electronic form.

Website(s)
MLETR webpage
Relevant document(s)
UNCITRAL Model Law on Electronic Transferable Records
Geographical coverage
Global
Legal nature
Model Laws/Legal standards
Trade processes
Commercial Processes
Transport Processes
Financial Processes
Trade documents
Bill of Lading (BoL)
Air Waybill (AW)
Rail Consignment Note (CIM)
Road Consignment Note (CMR)
Warehouse Receipt (WR)
Bill of Exchange (BoE)
Promissory Note (PN)
Contact point
United Nations Commission on International Trade Law
uncitral@un.org
https://uncitral.un.org/
Contact point
* For a model law – entry into force of the law enacting a model law; for a treaty–entry into force
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