In times past a bill of lading has often been described as a 'negotiable instrument'1. But this does not mean the same thing as a 'negotiable instrument' in the sense of a bill of exchange or promissory note2. As regards a bill of lading 'negotiable' means:
(1) the right to demand delivery of the goods from the carrier, and deemed possession of the goods themselves, are transferred by the delivery to the lawful holder of the bill of lading3, with no further assignment or notice to the carrier being necessary for these transfers to take effect
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234