Having a particular consignee's name inserted on its face, i. e. not being made out "to order".
Bills of lading which are not made out "to order" will have a particular consignee's name inserted and are therefore not negotiable to a third party, e. g. a bank or a second buyer of the goods. They are therefore similar to a crossed cheque. Copy bills are non-negotiable and should be marked as such.
BLOG COMMENTS POWERED BY DISQUS