| 单词 | bill of lading |
| 释义 | bill of lading bill of lading an instrument that authenticates the transfer of property in goods sent by ship; in form, it is a receipt given by the captain to the shipper or consignor, undertaking to deliver the goods, on payment of the freight, to some person whose name is stated in it or indorsed on it by the consignor. A bill of lading is used both as a contract for car- riage and a document of title. It is not, however, a NEGOTIABLE INSTRU- MENT, and a bona fide purchaser for value obtains no better title to the consigned goods than that enjoyed by the consignor (though it is pos- sible for him to defeat the right of stoppage of an UNPAID SELLER). Nevertheless, it has similarities to a negotiable instrument in that if it is drawn 'to the order' of a person it may be endorsed and transferred by delivery. See the Carriage of Goods by Sea Act 1992. |
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