📄 STRAIGHT OR NON-NEGOTIABLE
US Capital Private Bank Knowledge Base
📖 What is a Straight or Non-Negotiable Bill of Lading?
A Straight or Non-Negotiable bill of lading is a shipping document where the merchandise is consigned directly to a designated party, usually the buyer, but not to their “order.”
⚙️ How Does It Work?
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The consignee named on the bill is the only party authorized to receive the goods.
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The title to the goods is not transferable by endorsement.
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Delivery is made only to the named consignee, typically without requiring the surrender of the bill of lading.
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This means the document is non-negotiable — ownership cannot be transferred while goods are in transit.
💡 Why Use a Straight or Non-Negotiable Bill of Lading?
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Provides direct delivery to a specific party, simplifying the process.
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Useful when goods are sold directly to a known buyer without plans for transfer during shipment.
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Reduces risk of unauthorized transfer or diversion of goods.
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Often used for shipments where title transfer is not required during transit.
⚠️ Important Considerations
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Cannot be used as a negotiable instrument to transfer ownership.
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The named consignee must take delivery; no one else can claim the goods.
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Less flexible for financing or trading compared to negotiable bills of lading.
📞 Contact US Capital Private Bank
📧 Email: [email protected]
🌐 Website: https://uscapitalprivatebank.com