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bearer bill of lading

Posted: Fri Mar 13, 2009 11:41 am
by berry
dear all,

if i want to issue a bearer bill of lading without the involvement of any endorsement, what should i put in the consignee field. "to order" or "to the order of bearer"?

"to order"

Posted: Tue Mar 17, 2009 5:16 pm
by Ozoda
As per ISBP article 102 if the B/L issued "to order" it must be endorsed by the shipper.

BEARER BILL OF LADING

Posted: Wed Mar 18, 2009 1:45 pm
by SHAMEER
It has same and equal effect.

no endorsement

Posted: Wed Mar 18, 2009 6:34 pm
by cristiand969
For a B/L without involving any endorsement you have to require a straight b/l namely (nonnegotiable sea waybill subject to art.21 of UCP)