Get Date BILL OF LADING SHORT FORM NOT NEGOTIABLE 2020-2024

A Negotiable Bill of Lading instructs the carrier to deliver goods to any one person in possession of the original endorsed Negotiable Bill. A non-negotiable Bill of Lading sets one specific consignee, receiver, or buyer to whom the goods must be shipped.

A straight bill of lading is generally accepted to be one completed in such a way that delivery is to be made to the named consignee only. ingly, it is not a transferable or negotiable document of title, which can be used to transfer title (the right to possession) to the goods, covered by that document.

As the bill of lading is made to “to order” of the Consignee, it is a negotiable instrument of title. This means that the ownership of the bill of lading can be transferred from one person to another by authorising the signature and delivery of the bill of lading.

A straight bill of lading is generally accepted to be one that makes the goods deliverable to a named consignee and either contains no words importing transferability or contains words negating transferability (such as "non-transferable").

Unlike a bill of exchange or promissory note, the bill of lading is not a negotiable instrument which is able to pass a good title to a bona fide transferee, regardless of the title of the transferor. The sole fact that the bill of lading is issued to the shipper does not enable him to give any title to a transferee.

As we know, a Bill of Lading (B/L) is one of the most commonly used commercial documents in the history of global trade and shipping..

A straight bill of lading is essentially the non-negotiable bill of lading. It is a bill of lading that limits the carrier's liability. It cannot be transferred to any consignee, receiver, or purchaser; it must be transferred to the specific recipient.

The major problem while using a straight bill of lading is that the carriers cannot decide whether to deliver the cargo to the importer against an original bill of lading or just by a simple proof such as consignee identification.