BILL OF LADING MADE OUT TO ORDER - Means exactly what ?

Simple is Beautiful; the only thing came in my mind when thought of documentary collection. And I think more and more people are thinking the same in these days. Documentary Collection offers us far greater security than selling on open account; but not as much as a documentary credit. We should therefore be more cautious before starting selling using this method of payment. Documentary Collection Forum is an effort to help you on this way – admin; besttradesolution.com
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vvk
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BILL OF LADING MADE OUT TO ORDER - Means exactly what ?

Post by vvk » Wed Oct 30, 2013 10:58 am

I am a naive to trade transactions. Can someone help me understanding the wording in LC " BILL OF LADING MADE OUT TO ORDER " - meaning in letter and spirit.....this abnormal English switches me off....:)....
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picant
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English or docuglish

Post by picant » Wed Nov 06, 2013 12:23 am

Hi Pal,

it means simply bill of lading issued to the order.
Other comments appreciated.
Ciao
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LLawrence
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Re: BILL OF LADING MADE OUT TO ORDER - Means exactly what ?

Post by LLawrence » Fri Apr 19, 2019 2:50 am

In addition to pican'ts post, I will make an example which may help:
E.g. Bill of Lading says Made out to Order for company A. That means that company A can endorse this Bill of Lading to anyone.
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