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A Switch Bill of Lading is simply the second set of bill of lading that may be issued by the carrier or their agent “in exchange of” or “substituting” the first set of bill of lading originally issued when the shipment was effected. The KEYWORD here is “in exchange of” or “substituting“.. This clearly implies that the second set of bills of lading cannot be issued while the full first set is still in circulation and active..
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