49 U.S.C. § 80107 - U.S. Code - Unannotated Title 49. Transportation § 80107. Warranties and liability

(a) General rule.--Unless a contrary intention appears, a person negotiating or transferring a bill of lading for value warrants that--

(b) Security for debt.--A person holding a bill of lading as security for a debt and in good faith demanding or receiving payment of the debt from another person does not warrant by the demand or receipt--

(c) Duplicates.--A common carrier issuing a bill of lading, on the face of which is the word “duplicate” or another word indicating that the bill is not an original bill, is liable the same as a person that represents and warrants that the bill is an accurate copy of an original bill properly issued.  The carrier is not otherwise liable under the bill.

(d) Indorser liability.--Indorsement of a bill of lading does not make the indorser liable for failure of the common carrier or a previous indorser to fulfill its obligations.