Straight Bill of Lading Law and Legal Definition
Straight bill of lading is a non-negotiable bill of lading. It is used where the goods have been paid for or do not require payment such as donations or gifts. Under this bill of lading, the shipping company will deliver the shipment to its consignee on presentation of identification. It is also called consignment bill of lading.
The bill of lading states that the goods are consigned to a specified person and it is not negotiable. A straight bill of lading is a document in which a seller agrees to use a specific transportation to ship goods to a certain location, and the bill is assigned to a specific party. The straight bill of lading details the type, quality, and quantity of the good. It also serves as the receipt upon arrival at the destination. Because it is assigned to a specific party, it is not negotiable and may not be re-assigned to another party.
