In terms of documents, 'negotiable' means that e.g. a Bill of Lading is handed over/transferred in the right manner (viz. proper endorsement) to another person either endorsed in blank or endorsed to a person and that person acquires, by this transfer certain rights vis-is the goods e.g. is entitled to take possession of the goods.


Related Terms

PARTITION

1. An interior wall having a height of one story or less, which divides a structure into sections. 2. A slotted sheet of paperboard that can be assembled with similar sheets to form cells for holding goods during shipment.

COGSA

Carriage Of Goods by Sea

DEBARCATION

The process of leaving a ship or aircraft, or removing goods from a ship or aircraft.

IMDG

International Maritime Dangerous Goods Code.

LASTAGE

A room for stowing goods in a ship

TRANSIRE

The ship's customs warrant for clearing goods

BREAK BULK CARGO

Goods that must be loaded aboard a ship individually, and not in intermodal containers or in bulk, carried by a general cargo ship.

BONDED WAREHOUSE

An area of security approved by custom authorities for the safekeeping or deposit of goods liable for excise duty but not yet subject to that duty.

FREIGHT TON

The greater weight or measurement of goods where 1 tonnes is either 1,000 kg or 1 cubic meter.

CONSIGNOR

The person named in the bill of lading as the one from whom the goods have been received for shipment.

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