Federal · Title 49 — Transportation
49 U.S.C. § 80103: Negotiable and nonnegotiable bills
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states that the goods are to be delivered to the order of a consignee; and does not contain on its face an agreement with the shipper that the bill is not negotiable. does not limit its negotiability; and is not notice to the purchaser of the goods of a right the named person has to the goods. make the bill negotiable; or give the transferee any additional right. 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.
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