Section 7--104. Negotiable and Non-Negotiable Warehouse Receipt, Bill of Lading or Other Document of Title

(1)  A warehouse receipt, bill of lading or other document of title is
  negotiable
         (a) if by its terms the goods are to be delivered to bearer or to
             the order of a named person; or
         (b) where recognized in overseas trade, if it  runs  to  a  named
             person or assigns.
    (2) Any other document is non-negotiable. A bill of lading in which it
  is  stated  that  the  goods are consigned to a named person is not made
  negotiable by a provision that  the  goods  are  to  be  delivered  only
  against a written order signed by the same or another named person.