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Bill of lading refers to the contract or receipt issued by the carrier for the transport
of goods and its delivery of the said goods to a specified person or to the order or to
bearer.
Dock warrant refers to the instrument issued or given by the dock owners to the
importer of goods recognizing his title of the said goods
Warehouse receipt refers to the contract or receipt for the goods deposited with a
warehouse man containing his undertaking to hold and deliver said goods to a
specified person, to the order or to bearer.
DOCUMENT OF TITLE
TWO CLASSESS:
1. NEGOTIABLE DOCUMENT OF TITLE
a. By the terms of the document which the bailee undertake the delivery
of the goods to the bearer or to the order of a specified person and
maybe negotiated:
i. By mere delivery
1. By the terms of the document, the bailee undertake to
deliver the goods to the bearer.
2. By simply handling over the document to another person
ii. By indorsement plus delivery
1. By the terms of the document, the bailee undertake to
deliver the good to the order of a specified person.
2. By signing his name at the back of the document which
constitute as indorsement (not sufficient if not signed)
3. May contain the following options:
a. By signing his name at the back of the document
without specifying a name, termed (blank
indorsement)
b. By signing his name at the back of the document
and specifying that it will be delivered to the
bearer.
c. By signing his name at the back of the document
and specifying that it will be delivered to the order
of a specified person.
4. If indorsed to a specified person then such person can
indorsed it again in blank, to the bearer or to the order of
a specified person.