KRS 355.7-304: Tangible bills of lading in a set.

(1) Except as customary in international transportation, a tangible bill of lading may not

be issued in a set of parts. The issuer is liable for damages caused by violation of

this subsection.

(2) If a tangible bill of lading is lawfully issued in a set of par ts, each of which contains

an identification code and is expressed to be valid only if the goods have not been

delivered against any other part, the whole of the parts constitutes one (1) bill.

(3) If a tangible negotiable bill of lading is lawfully issued in a set of parts and different

parts are negotiated to different persons, the title of the holder to which the first due

negotiation is made prevails as to both the document of title and the goods even if

any later holder may have received the goods from the carrier in good faith and

discharged the carrier's obligation by surrendering its part.

(4) A person that negotiates or transfers a single part of a tangible bill of lading issued

in a set is liable to holders of that part as if it were the whole set.

(5) The bailee is obliged to deliver in accordance with Part 4 of this article against the

first presented part of a tangible bill of lading lawfully issued in a set. Delivery in

this manner discharges the bailee's obligation on the whole bill.