A person may possess, indorse and part with possession of an electronic trade document.

An electronic trade document has the same effect as an equivalent paper trade document.

Anything done in relation to an electronic trade document has the same effect (if any) in relation to the document as it would have in relation to an equivalent paper trade document.

An electronic trade document is to be treated as corporeal moveable property for the purposes of any Act of the Scottish Parliament relating to the creation of a security in the form of a pledge over moveable property.