(a)
(A) states that the goods are to be delivered to the order of a consignee; and
(B) does not contain on its face an agreement with the shipper that the bill is not negotiable.
(2) Inserting in a negotiable bill of lading the name of a person to be notified of the arrival of the goods—
(A) does not limit its negotiability; and
(B) is not notice to the purchaser of the goods of a right the named person has to the goods.
(b)
(A) make the bill negotiable; or
(B) give the transferee any additional right.
(2) A common carrier issuing a nonnegotiable bill of lading must put "nonnegotiable" or "not negotiable" on the bill. This paragraph does not apply to an informal memorandum or acknowledgment.
(Pub. L. 103–272, §1(e), July 5, 1994, 108 Stat. 1346.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 80103(a)(1) | 49 App.:83. | Aug. 29, 1916, ch. 415, §§2, 3, 6, 7, 29 (last sentence), 39 Stat. 539, 543. |
| 80103(a)(2) | 49 App.:87. | |
| 80103(b)(1) | 49 App.:82. | |
| 49 App.:109 (last sentence). | ||
| 80103(b)(2) | 49 App.:86. |
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Last modified: October 26, 2015