457. Rights of lawful holder of transferable bill of lading.

A person who becomes the lawful holder of a bill of lading has transferred to and vested in him all rights of suit under the contract of carriage1 as if he had been a party to that contract2. For these purposes, references to a bill of lading do not include references to a document which is incapable of transfer either by indorsement or, as a bearer bill, by delivery without indorsement but, subject to that, do include references to a received for shipment bill of lading3; and references to the holder of a bill of lading are references to