What is another name for an express bill of lading?

An express bill of lading, often referred to as a seawaybill, is a document issued by a carrier that serves as a receipt for the goods and a contract of carriage, but without the negotiable aspect. This means it cannot be transferred to another party as a means of ownership, unlike negotiable bills of lading. The seawaybill simplifies the shipping process by allowing for quicker delivery and processing, as it does not require endorsement for the transfer of ownership. This makes it particularly useful for transactions where the buyer and seller trust one another, streamlining the flow of goods without the added complexity of a negotiable instrument.