Amendment of the Bills of Lading Act, 1916
Amendment of the Bills of Lading Act, 1916
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The reason, as I under- stood you, was that they could require an order bill of lading to be surren- dered?
Mr. James. Yes.
The Chairman. Could they not require a straight bill to be surrendered?
Mr. James. No. The rule of law is and has always been — ^the common law as well as that embodied in law — ^that in the case of a straight bill you do not surrender the straight bill at all. That is not the practice. The straight bill of lading is treated merely as a receipt.
The Chairman. I am not addr...essing my question as to what the practice is, but I fail to see why as a matter of law the consignee could not be required to surrender it.
Mr. James. What I want to say, anyhow, with reference to that subject, is that there has never been any trouble about issuing straight bills. The only trouble has been asking a carrier to issue order bills. The ocean carriers are here asking this. There is no harm done anybody, because if a man get« an order bill he is getting a better document of title anyhow.
What to read after Amendment of the Bills of Lading Act, 1916?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. Senate. Committee On Interstate Commerce to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The reason, as I under- stood you, was that they could require an order bill of lading to be surren- dered?
Mr. James. Yes.
The Chairman. Could they not require a straight bill to be surrendered?
Mr. James. No. The rule of law is and has always been — ^the common law as well as that embodied in law — ^that in the case of a straight bill you do not surrender the straight bill at all. That is not the practice. The straight bill of lading is treated merely as a receipt.
The Chairman. I am not addr...essing my question as to what the practice is, but I fail to see why as a matter of law the consignee could not be required to surrender it.
Mr. James. What I want to say, anyhow, with reference to that subject, is that there has never been any trouble about issuing straight bills. The only trouble has been asking a carrier to issue order bills. The ocean carriers are here asking this. There is no harm done anybody, because if a man get« an order bill he is getting a better document of title anyhow.
What to read after Amendment of the Bills of Lading Act, 1916?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. Senate. Committee On Interstate Commerce to read onlineMoreLess
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