Another term in lieu for a negotiable bill of lading is a documentary draft.

Question

Quizplus · Accepted Answer

A negotiable bill of lading and a documentary draft are not the same thing. A negotiable bill of lading is a transport document that serves as evidence of the contract of carriage and ownership of the goods. A documentary draft, on the other hand, is a payment instrument that requires the importer to pay for the goods before they can receive the shipping documents necessary to take possession of the goods.

Another Term in Lieu for a Negotiable Bill of Lading