Definitions for "Negotiable Bill Of Lading" Add To Word List
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Contract that grants title of merchandise to the holder, which allows banks to use the merchandise as collateral.
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Bill of lading transferred by endorsement.
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A shipping term denoting a bill of lading wherein the consignment of the merchandise appears "Consigned to the order of," or just simply the word "order."
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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.
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Original bill of lading endorsed by shipper that is used for negotiating with banks.
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