negotiable bill of lading
- A document that gives the person it is payable to, or a named person, the right to claim goods from a carrier
- The buyer will not release payment until they receive a negotiable bill of lading that verifies the shipment of goods.
- A negotiable bill of lading enables the transfer of ownership of goods while they are in transit.
- The carrier provided a negotiable bill of lading to the shipper as proof of their right to claim the transported goods.
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