§490:7-203  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 or 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. [L 2004, c 163, pt of §1]