(1) Where section 8
operates in relation to a bill of lading to transfer rights under the contract
of carriage, the transfer extinguishes any entitlement to those rights that
derives from —
(a) a
person’s having been an original party to the contract of carriage; or
(b) the
previous operation of that section.
(2) Where section 8
operates in relation to a sea waybill or ship’s delivery order to
transfer rights under the relevant contract of carriage —
(a) the
transfer extinguishes any entitlement to those rights that derives from the
previous operation of that section;
(b) in
the case of a sea waybill — the transfer is without prejudice to any
rights that derive from a person’s having been an original party to the
contract; and
(c) in
the case of a ship’s delivery order — the transfer is without
prejudice to any rights under the contract other than rights derived from the
previous operation of that section.