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In different nations' legislation "document of title" means a writing issued by or address to a bailee
(i) that covers goods in the bailee's possession that are identified and
(ii) in which it is stated that the goods identified in it will be delivered to a NAMED PERSON, OR TO THE TRANSFEREE OF THE PERSON, TO BEARER OR TO THE ORDER OF A NAMED PERSON.
As well as being a receipt, the bill of lading, may also act as a document of title. When issuing a bill of lading the shipowner undertakes to the consignor to deliver the goods on presentation of an original bill of lading at the port of discharge. This undertaking is transferable to subsequent holders of the bill of lading without any further involvement of the shipowner. The use of the words ‘to order’ or ‘to assigns’ indicates the transferability of this undertaking, which is what gjves the document its character as a document of title.
When transferred ('negotiated'), the bill of lading operates to transfer right of possession of the goods it represents, but not necessarily the ownership in the goods, which depends on the terms of the contracts of sale and/or carriage and the intention of the parties. As a document of title the bill of lading is unique among transport documents, enabling merchants to trade the goods, by trading the document.
в закладки =
https://lawlib.wlu.edu/lexopus/works/914-1.pdf