What is a non-negotiable bill of lading?

What is a non-negotiable bill of lading?

Non-negotiable bill of lading – Straight bill A non-negotiable bill of lading is often referred to as a straight bill of lading. A key feature of a straight bill is that the consignee is named when the bill is issued and cannot later be changed.

What is the difference between non-negotiable BL and original bl?

The words “nonnegotiable” or “not negotiable” must appear on this kind bill when issued by a common carrier. When original, nonnegotiable bills of lading have been issued, the freight can only be released to the specified consignee after at least one of the original bills has been presented at destination.

What is the difference between SWB and OBL?

A Sea Waybill is evidence of a contract of carriage and receipt of the goods being transported; whereas a Bill of Lading acts as the contract of carriage and receipt of the goods, while also serving as a document of title affording ownership.

What is the difference between BL and OBL?

These two terms are used when referring to the type of bill of lading you’ll be receiving. When booking directly with a shipping line, you will receive an OBL (ocean bill of lading), whereas if you book through a freight forwarder, you will receive a HBL (house bill of lading).

What is a non-negotiable document?

Nonnegotiable documents include audit and business records, medical records, transcripts, and other similar documents that have no immediate cash value.

What’s another word for non-negotiable?

In this page you can discover 8 synonyms, antonyms, idiomatic expressions, and related words for non-negotiable, like: sine qua non, , unchangeable, inviolable, inclusive of, in conflict with, self-evident and sacrosanct.

What is an example of a non-negotiable instrument?

An example of a non-negotiable instrument, also referred to as a non-marketable instrument, would be a government savings bond. They can only be redeemed by the owner of the bond and are not allowed to be sold to other parties.