Bill of Lading, Order
Bill of Lading, Order :
A negotiable bill of lading. There are two types: (1) A bill drawn to the order of a foreign consignee, enabling him to endorse the bill to a third party. (2) A bill drawn to the order of the shipper and endorsed by him either "in blank" or to a named consignee. The purpose of the latter bill is to protect the shipper against the buyer's obtaining the merchandise before he has paid or accepted the relative draft. (See also: Endorsement in Blank)
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