2 A BILL RELATING TO BILLS OF LADING IN COMMERCE WITH FOREIGN AND S. 957 A BILL RELATING TO BILLS OF LADING FEBRUARY 16 AND 17, 1912 ᏢᎪᎡᎢ I Printed for the use of the Committee on Interstate Commerce WASHINGTON GOVERNMENT PRINTING OFFICE Washington, D. C. The committee met at 11.30 o'clock a. m. Present: Senators Clapp (chairman), Crane, Cummins, Brandegee, Oliver, Tillman, Newlands, and Pomerene. The committee had under consideration the bills S. 957 and S. 4713, as follows: [S. 957, Sixty-second Congress, first session.] A BILL Relating to bills of lading. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, ORDER BILL OF LADING DEFINED. That whenever any common carrier, railroad, or transportation company (hereinafter termed "carrier") shall issue a bill of lading for the transportation of property from a place in one State to a place in another State (the word "State" to include any Territory or District of the United States), which bill shall be, or purport to be, drawn to the order of the shipper or other specified person, or which shall contain any statement or representation that the property described therein is or may be deliverable upon the order of any person therein mentioned, such bill shall be known as an "order bill of lading" and shall conform to the following requirements: (a) In connection with the name of the person to whose order the property is deliverable the words "order of" shall prominently appear in print on the face of the bill, thus: "Consigned to order of (b) It shall contain on its face the following provision: "The surrender of this original order bill of lading, properly indorsed, shall be required before delivery of the property. (c) It shall not contain the words "Not negotiable" or words of similar import. If such words are placed on an order bill of lading, they shall be void and of no effect. (d) Nothing herein shall be construed to prohibit the insertion in an order bill of lading of other terms or conditions not inconsistent with the provisions of this act or otherwise contrary to law or public policy. STRAIGHT BILL OF LADING DEFINED. SEC. 2. That whenever a bill of lading is issued by a carrier for the transportation of property from a place in one State to a place in another, in which the property described therein is stated to be consigned or deliverable to a specified person, without any statement or representation that such property is consigned or deliverable to the order of any person, such bill shall be known as a "straight bill of lading" and shall contain the following requirements: (a) The bill shall have prominently stamped upon its face the words "Not negotiable.' (b) Nothing herein shall be construed to prohibit the insertion in a straight bill of lading of other terms or conditions not inconsistent with the provisions of this act or otherwise contrary to law or public policy. 3 |