Negotiable Bill Of Lading

A contract of carriage that can be transferred to a third party. A straight or uniform bill of lading, in contrast, may not by transferred and is only deliverable to the named consignee (recipient). Like any bill of lading, the negotiable bill of lading also lists the goods being transported and serves as a contract of the terms of the shipment.

Also known as an order bill of lading, the negotiable bill of lading transfers control (title) of the goods to the order of the entity named on the document. A bill of lading must be clean in order to be negotiable. To transfer the negotiable bill of lading, the consignor (the person or business shipping the goods) must stamp and sign the bill and the carrier must deliver it.

Investment dictionary. . 2012.

Look at other dictionaries:

  • negotiable bill of lading — see bill of lading Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • negotiable bill of lading — A bill of lading in which it is stated that the goods are consigned or destined to the order of any person named in such bill. Uniform Bills of Lading Act §§ 4, 5. A bill of lading according to the terms of which the goods are to be delivered to… …   Ballentine's law dictionary

  • negotiable bill of lading — contract that grants title of merchandise to the holder, which allows banks to use the merchandise as collateral. Bloomberg Financial Dictionary …   Financial and business terms

  • bill of lading — bill of lad·ing / lā diŋ/: a document issued by a carrier that lists goods being shipped and specifies the terms of their transport ◇ A bill of lading serves as a receipt for the goods, a contract for the transport of the goods, and a document of …   Law dictionary

  • bill of lading order — n. A negotiable bill of lading that can be sold, and that causes title to the goods to vest in its holder, who can collect the goods by presenting the bill of lading to the carrier. The Essential Law Dictionary. Sphinx Publishing, An imprint of… …   Law dictionary

  • Bill of lading — Admiralty law History …   Wikipedia

  • bill of lading — Document evidencing receipt of goods for shipment issued by person engaged in business of transporting or forwarding goods and it includes airbill. U.C.C. No. 1 201(6). An instrument in writing, signed by a carrier or his agent, describing the… …   Black's law dictionary

  • Bill of lading — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …   The Collaborative International Dictionary of English

  • bill of lading — A document acknowledging the shipment of a consignor s goods for carriage by sea. It is used primarily when the ship is carrying goods belonging to a number of consignors (a general ship). In this case, each consignor receives a bill issued… …   Big dictionary of business and management

  • order bill of lading — Same as negotiable bill of lading …   Ballentine's law dictionary

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