- A negotiable bill of lading contains features making it capable of being transferred to someone other than the original shipper or named consignee.
- Endorsements come in different forms and negotiable bills of lading can contain multiple endorsements.
- Bearer bills of lading are negotiable bills of lading which are transferable without endorsement.
- Contractual rights and liabilities are transferred to the lawful holder of a negotiable bill of lading.
- An original bill of lading must be presented in order to take delivery of cargo.
