Negotiable bill of lading

Negotiable bill of lading

Contract that grants title of merchandise to the holder, which allows banks to use the merchandise as collateral.
References in periodicals archive ?
So when the exporter presents documents required by the documentary credit to the bank for payment, the exporter is essentially turning over the goods by virtue of turning over the order bill, which is a negotiable bill of lading.
Aside from the newly added functions, APL's home page allows shippers to check domestic and international shipping schedules; book shipments; submit bill-of-lading instructions; and print out an original negotiable bill of lading.