A waybill is issued by the railroad after receipt of the Bill Of Lading. Waybills are non-negotiable documents unlike bills of lading which are negotiable. A bill of lading issued by the shipper provides the basic document for road freight. Eventually, the shipper would have to deliver the bill of lading to the seller. Whereas a bill of lading is negotiable, both a policy and an invoice are assignable. Bills of lading may take various forms, such as on-board and received-for-shipment. This means that the bill of lading still remains a vital document within international trade. There are two types of bill of lading that can perform as document of title. Insurance policies, stock certificates, bills of lading, securities, bonds and commercial paper can be converted. In this case, the bill of lading would be used as a contract of carriage. They are straight bill of lading and order bill of lading. Therefore, an order bill of lading can be negotiated to a third party. The charter-party is subject to exceptions similar to those in bills of lading. The containers thus served as something of a bill of lading or an accounts book. The first bill of lading to use the name "Sag Harbor" was recorded in 1730.