This is not only the solution to the legal dilemma caused by the separation of documents and goods under B/L or other documents of title, but also meets the realistic need of right-securitization.

This article is divided into six parts, the first part is the China Law Committee of the definition in the industry and the existing legal status of this dilemma.

Part II of this paper reviews the evolving of legal status of Floating Vendors in our city, and points out the dilemma in management.