If the bill of lading requires the carrier to deliver the goods to the order of a person that is an order bill of lading and this would be transferable or negotiable this type of bill of lading is a document of title. A bill of lading is a standard form document that is transferable by endorsement or by lawful transfer of possession when the buyer is entitled to received goods from the carrier bill of lading in this case performs as document of title for the goods there are two types of bill of lading that can perform as document of title. An original ocean bill of lading as well as being a receipt for the goods given by the carrier and evidence of the contract of carriage is also a negotiable document and one that carries title to the goods detailed on its face. The bill of lading is often referred to as a negotiable document of title and there is some confusion as to whether the bill of lading is really a negotiable or is merely a transferable document this is especially the case in english law. Chapter 6 the bill of lading and property and title to the goods a introduction 61 the bill of lading is under the common law a document of title to goods rather confusingly this does not however mean that its transfer necessarily confers title to the goods on its transferee
How it works:
1. Register a Free 1 month Trial Account.
2. Download as many books as you like ( Personal use )
3. No Commitment. Cancel anytime.
4. Join Over 100.000 Happy Readers.
5. That's it. What you waiting for? Sign Up and Get Your Books.