428. Description of bill of lading.

A bill of lading1 is a document signed by the shipowner, or by the master or other agent of the shipowner2, which states that certain specified goods have been shipped in a particular ship, and which purports to set out the terms on which the goods have been delivered to and received by the ship3. After signature, it is handed to the shipper, who may either retain it or transfer it to a third person. This person may be named in the bill of lading as the person to whom delivery of the goods is to be made on