(1) Orders issued to a merchant with respect to the provision of money, securities or other fungible things, without such performance being made conditional upon a consideration, may be transferred by endorsement if they are made out to order. The same applies to certificates of obligation made out to order by a merchant for items of the kind referred to above, without the performance being made conditional upon a consideration.
(2) Furthermore, sea carriers’ bills of lading, carriers’ consignment bills, warehouse warrants as well as transport insurance policies may be transferred by endorsement if they are made out to order.