Let’s discuss Straight bill of lading vs bill of lading. A Straight Bill of Lading (BoL) and a Bill of Lading (BoL) are terms often used interchangeably, but they refer to different aspects of the same shipping document.
Bill of Lading(BoL) :
- A Bill of lading is a document that is issued by the carrier or shipping company transporting the goods. It acts as a receipt of goods being shipped.
- There are different types of Bill of lading including Straight bill of lading, Order bill of lading, etc.
- It can be negotiable or non-negotiable depending on the type of BoL issued. This means depending on the type of BoL, the ownership of goods can be transferred and cannot be transferred.
Straight Bill of Lading (Straight BoL):
- The straight bill of lading is one type that comes under the broad types of bills of lading.
- The name mentioned as consignee in the bill is considered as the owner of the goods and the ownership cannot be transferred.
- It is a non-negotiable BoL.
- It is a straightforward method and involves no third party in between. The goods are given to the consignee directly.