Bearer

In respect of:

  • A Bill of Exchange, the person in possession of a Bill of Exchange which is payable to the bearer (ie which is expressed to be so payable, or on which the only or last Indorsement is a Blank Indorsement), and
  • A Bill of Lading, the person in possession of a Bill of Lading which makes the goods deliverable to the bearer (ie which is expressed to make the goods so deliverable, or on which the only or last Indorsement is a Blank Indorsement).

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