Northern Territory Consolidated Acts(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.