The indorsement of a bill of lading in favour of a creditor prima facie conveys the whole of the property to the assignee from the time when they are delivered, but where the assignment in its face intended only to bind the net proceeds in case of arrival, an insurance made on account of the indorser is good even if made after the indorsement.
Citations:
(1787) 1 Term Rep 745, (1787) 99 ER 1355
Jurisdiction:
England and Wales
Transport
Updated: 24 November 2022; Ref: scu.222774
