„Negotiable Bill of Lading“

What does Negotiable Bill of Lading stand for?

A bill of lading transferable by endorsement by virtue of its terms which make the goods which it covers deliverable to “bearer”, or to the order of a named party, or to the assigns.

Source:

Branch, Alan E. “Elements of Shipping.” 8th Edition. London: Routledge, 2007.

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