negotiable bill of lading
(shipping) Bill of lading transferred by endorsement. There are three possibilities: (1) to XY & Co. or their order; (2) to the order of XY & Co.; and (3) to order , without the name of the party. In the latter case the bill remains to the order of the shipper until they endorse it.
These types of bills of lading are usually endorsed on the reverse. The opposite of a negotiable bill of lading is the straight bill of lading See bill of lading; endorsement.