Negotiable Bill Of Lading (B/L)

B/L that can be transferred by its consignee to a third party by signing (endorsing) and delivering it to another party (the new consignee). The new consignee can then transfer it to another party … and so on. To be negotiable a B/L must be written (drawn) ‘To Order’ of the consignee and must be clean. Any B/L that does not fulfill these two conditions is termed non-negotiable.

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