451. Restrictions on transfer of bill of lading.

A bill of lading1, being a document of title2, has always been regarded by commercial custom3 as transferable4, unless transfer is precluded by the form in which it is drawn, in which case it is known as a 'straight bill'5.

A bill of lading does not appear to be transferable where it requires the goods specified in it to be delivered to a named person, omitting any