Why The Bill of Lading Called Document of Title

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
Praveen
Posts: 5
Joined: Wed Feb 03, 2016 7:03 am
First Name: Kasula
Last Name: Praveen
Organization: Bank of America
Filter: Two Plus Two =: 4
Location: India

Why The Bill of Lading Called Document of Title

Post by Praveen » Mon Apr 25, 2016 12:07 pm

Why the bill of lading called Document of title.Why not called document of title other transport documents. Can you please advise

Navi
Posts: 362
Joined: Mon Jun 23, 2008 4:17 pm
First Name: Olcay
Last Name: Özcan
Organization: Bank
Filter: Two Plus Two =: 4
Location: Turkey

Flexibility...

Post by Navi » Wed May 04, 2016 1:06 pm

Hi,

In my opinion, the reason may be to provide flexibility to holder/consignor/consignee to resale of goods and change ownership via endorsement during marine transport which takes probably longer time than air or road transport.

Other comments will be appreciated

Regards

User avatar
mijanlt23004
Posts: 9
Joined: Fri Jan 16, 2015 11:07 pm
First Name: Mijanur
Last Name: Rahman
Organization: Blckstone
Filter: Two Plus Two =: 4
Location: Bangladesh

Negotiability

Post by mijanlt23004 » Sat May 28, 2016 1:25 am

Dear,
As Bill of Lading is the legitimate docs that has negotiability like financial docs (e,g. Bill of Exchange, Cheque) but AWB / TR has no such legal obligation and hence Bill of lading called Document of Title.

Post Reply