Enacts the CMR so far as it relates to the rights and liabilities of persons concerned in the carriage of goods by road under a contract to which the Convention applies.

Enacts the Hague-Visby rules by specifying the respective responsibilities, liabilities and immunities of carriers and cargo owners.

Replaces the Bill of Lading Act 1855 in transferring rights and liabilities with bills of lading, sea waybills and ship’s delivery orders. The Act transfers rights to all ‘lawful holders’ (e.g. the holder of the bill of lading, the receiver of the goods, persons identified in the ship’s delivery order) (s.2). The removal of certain technicalities makes it easier for them to sue the carrier when goods are lost or damaged at sea. The Act also applies similar principles to electronic documentation.

The regulated activity specified in art. 10(2) of the Regulated Activity Order (Effecting and Carrying out Insurance Contracts), of carrying out insurance contracts of insurance as a principal.