Article 33 - Priority: Holder of negotiable document of title

A holder to whom a negotiable Document of Title is negotiated has priority over a perfected or unperfected Security Interest in the Document of Title if the holder acquired the Document of Title for value, unless

(A) in the case of a holder who acquired the Document of Title in the ordinary course of that person's business of acquiring Documents of Title of that kind, the purchaser had actual or constructive knowledge that the acquisition constituted a breach of the Security Agreement that provides for the Security Interest; or
(B) in the case of any other purchaser, the purchaser had actual or constructive knowledge of the Security Interest.