Monday, August 6, 2007

When freight is consigned to 'Order' it is, as a rule, for the



purpose of securing the payment at destination of a draft for
the value of the property
When freight is consigned to 'Order' it is, as a rule, for the
purpose of securing the payment at destination of a draft for
the value of the property. The draft is usually attached to the
bill of lading and sent through a bank for collection from the
party at destination, who is to be notified of the arrival of
the freight. The payment of the draft secures to the payer the
possession of the bill of lading, which must be indorsed by the
party to whose order the property is consigned.


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