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negotiable Bill of Lading. The negotiable Bill of Lading is signed by the shipping agent and can be transferred or endorsed to another party, while the non-negotiable Bill of Lading is not signed. Both types of bill of lading contain important information, such as the names of the consignor and consignee, description of the goods, quantity, and destination. The bill of lading serves three main purposes: it acts as a receipt of the goods shipped, it serves as evidence of the contract of carriage between the shipper and the carrier, and it acts as a document of title, allowing the holder to claim ownership of the goods. There are different types of bill of lading based on the mode of transportation used, such as ocean bill of lading and airway bill of lading. Ocean bill of lading is used when goods are transported by sea, while airway bill of lading is used for goods transported by air. The bill of lading also contains information about the vessel or airline, the port of loading and discharge, and any special instructions or conditions. In conclusion, a bill of lading is a crucial document in international trade that facilitates the smooth and secure shipment of goods. It contains important information about the goods being transported, serves as evidence of the contract of carriage, and allows the holder to claim ownership of the goods. There are different types of bill of lading depending on the mode of transportation used.