What rights does the transferee acquire when a bill of lading is transferred?

When a bill of lading is transferred, the transferee acquires all rights and claims that the original holder had. This means that the new holder steps into the shoes of the original holder and can exercise the same rights, which typically include the right to receive the goods, to claim damages for any breach of the contract, and often also the right to transfer or further negotiate the bill.

The concept of a bill of lading serves as both a receipt for the goods and as a document of title. Therefore, when it is transferred, the transferee gains the full spectrum of rights associated with it, promoting the smooth operation of trade and ensuring that parties can engage in commerce with certainty regarding their entitlements.

In contrast, the other options limit the scope of rights acquired by the transferee. For instance, stating that the transferee only receives the right to the goods does not encompass the potential legal claims and remedies that come with the bill. Similarly, while the right to sell the goods is certainly a possibility, it's not a definitive right and does not cover the full range of claims original holders may have. Lastly, indicating additional rights specifically outlined in the shipping contract could mislead, as the standard assumptions about bill of lading transfers typically cover all