The “Order” Bill of Lading
A negotiable document which can more easily be bought, sold or traded while goods are in transit, or used for credit transactions. There are 2 types of "to order" bills:
It may be drawn to the order of a named consignee, enabling him to endorse the “Bill of Lading” over to a third party.
It can be drawn to the order of the shipper and endorsed by him either "in blank" or to a named consignee. The purpose of this type of Bill of Lading is to protect the shipper against the buyer’s obtaining the merchandise before he has paid or accepted the relative bank draft.