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Simple English definitions for legal terms

negotiable bill of lading

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A quick definition of negotiable bill of lading:

A negotiable bill of lading is a document that shows that goods have been received by a carrier or shipper's agent for transportation. It is like a receipt and a contract for shipping all in one. A negotiable bill of lading can be traded or sold to someone else, like money. There are different types of bills of lading, like a clean bill of lading that has no problems with the goods, or an unclean bill of lading that shows there were issues with the goods during shipment.

A more thorough explanation:

A negotiable bill of lading is a document that acknowledges the receipt of goods by a carrier or shipper's agent and the contract for the transportation of those goods. It is a document of title, which means that it can be bought, sold, or traded like money.

For example, if a company wants to buy goods from another company, they can use a negotiable bill of lading to pay for the goods. The buyer can give the seller the bill of lading, and the seller can use it to get paid by the carrier when the goods are delivered.

Another example is when a bank provides financing to a company that needs to ship goods. The bank can use the negotiable bill of lading as collateral for the loan. If the company defaults on the loan, the bank can take possession of the bill of lading and use it to recover their money.

In summary, a negotiable bill of lading is a document that represents ownership of goods being shipped and can be used as a form of payment or collateral.

negotiable | negotiable certificate of deposit

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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
babycat
9:55
it’s true he sent me feet pics (unsolicited!)
babycat
9:56
poor little glovey
babycat
9:56
it’s illegal to make you work on a snow day
BulbasaurNoLikeCardio
9:57
Free feet pics sounds like you saved some money
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