The Elements of Mercantile Law

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That is the way in which the bill of lading is signed ; brought in usually (/) Sathesmg \.Lamg, L.^ E. 17 Eq, 92.
{g) Appendix.
TEE BILL OF LAVING. 15,1 by the shipper after the goods have been shipped, and signed in London by the ship-owner, for in foreign ports it is usually signed by the master.
' Having received the bill of lading signed^ you have a document to which the custom of merchants for centuries has attached a very particular signifi- cation. In the great case of LicJcharrow v. Mas
...on {h) (a case dealing with stoppage in transitu), a special jury found the custom of merchants with regard to bills of lading ; LicJcbarrow v. Mason had a very chequered and lengthy career, and went through a large number of Courts, but it has been the leading case ever since on the subject. The jury found iu that case that by the custom of merchants, "bills of lading are after the shipment and before the voyage performed negotiable and transferable by the shipper's indorsement and delivery j and that by such indorsement and delivery the property in such goods is transferred." I shall have to deal more in detail with the various forms of indorsement that may be made by the custom of merchants to transfer the properiy in the goods j but that may be the first effect of in- dorsement- Secondly, by statute, the indorsement of a bill of lading may transfer to the indorsee the contract of carriage contained in the bill of lading.

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