KRS 355.7-203: Liability for nonreceipt or misdescription.

A party to or purchaser for value in good faith of a document of title, other than a bill of

lading, that relies upon the description of the goods in the document may recover from

the issuer damages caused by the nonreceipt or misdescription of the goods, except to the

extent that:

(1) The document conspicuously indicates that the issuer does not know whether all or

part of the goods in fact were received or conform to the description, such as a case

in which the description is in terms of marks or labels o r kind, quantity, or

condition, or the receipt or description is qualified by "contents, condition, and

quality unknown," "said to contain," or words of similar import, if the indication is

true; or

(2) The party or purchaser otherwise has notice of the nonreceipt or misdescription.