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128 LAWS OF MARYLAND [Ch. 49
(a) He must tender all such documents in
correct form, except as provided in this [subtitle] TITLE
with respect to bills of lading in a set (subsection (2)
of § 2-323); and
(b) Tender through customary banking channels
is sufficient and dishonor of a draft accompanying the
documents constitutes non-acceptance or rejection.
2—504, Shipment by seller.
Where the seller is required or authorized to send
the goods to the buyer and the contract does not require
him to deliver then at a particular destination, then
unless otherwise agreed he must
(a) Put the goods in the possession of such a
carrier and lake such a contract for their transportation
as may be reasonable having regard to the nature of the
goods and other circumstances of the case; and
(b) Obtain and promptly deliver or tender in
due form any document necessary to enable the buyer to
obtain possession of the goods or otherwise required by
the agreement or by usage of trade; and
(c) Promptly notify the buyer of the
shipment.
Failure to notify the buyer under paragraph (c) or
to make a proper contract under paragraph (a) is a ground
for rejection only if material delay or loss ensues.
2—505. Seller's shipment under reservation.
(1) Where the seller has identified goods to the
contract by or before shipment:
(a) His procurement of a negotiable bill of
lading to his own order or otherwise reserves in him a
security interest in the goods. His procurement of the
bill to the order of a financing agency or of the buyer
indicates in addition only the seller's expectation of
transferring that interest to the person named.
(b) A on—negotiable bill of lading to
himself or his nominee reserves possession of the goods
as security, but except in a case of conditional delivery
(subsection (2) of § 2—507) a non—negotiable bill of
lading naming the buyer as consignee reserves no security
interest even though the seller retains possession of the
bill of lading.
(2) When shipment by the seller with reservation of
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