Dickerson v. Seelye
Opinion
By the Court,
As between the shipper of the goods and the owner of the vessel, a bill of lading may be explained, so far as it is a receipt, that is as to the quantity of goods shipped and their condition and the like; but as between the owner of the vessel and an assignee for a valuable consideration paid on the strength of the bill of lading, it may not be explained. (Portland Bank v. Stubbs, 6 Mass. R. 422. Abbott on Shipping, 323-4.) Bradstreet v. Lees, M. S. U. S. District Court.) In such case the superior equity is with the bona fide assignee, who has parted with his money on the strength of the bill of lading.
Such is the case now before us. The defendant below purchased and paid for the cargo of coal by the bill of lading, and not otherwise. By the act of the master, in signing that bill, he was induced to part with his money, and it would be against [103] well established principles, now to allow the owner to vary the contract. He ought to be estopped from so doing.
The judgment below .ought to be reversed.
Judgment reversed.
Edwards, Mitchell and King, Justices.]
Footnotes
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12 Barb. 99 (Dickerson v. Seelye) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.