Order bill of lading

An order bill of lading is negotiable and can be used to buy, sell, or trade goods while they are in transit on an ocean shipment.

Also called Shipper’s order bill of lading

For ocean shipments, there are two common types: a straight bill of lading, which is non-negotiable, and a negotiable, or shipper’s order bill of lading. The latter can be used to buy, sell , or trade the goods while in transit.

See also

• Bill of lading (B/L)
• Straight bill of lading
• Sea waybill

More ocean terms

• Bunker adjustment factor (BAF)
• Claused bill of lading
• Clean bill of lading
• Common carrier
• Container yard (CY)
• Deconsolidation

Go further

• What terminal handling charges (THC) cover
• Demurrage vs detention
• CBM calculator
• Chargeable weight calculator

Definitions are general information, not legal advice. Rules differ by country; check the source and the current regulation before you act on one.