Non-Negotiable BOL

A non-negotiable bill of lading (BOL) is a type of BOL that provides for the delivery of goods to a named enterprise and to no one else. Also known as a straight bill of lading, a non-negotiable BOL cannot be transferred to another party without the consent of the shipper.

Non-negotiable BOLs are typically used when shipping high-value or sensitive items, as they offer greater security than negotiable BOLs. If you are shipping goods via a non-negotiable BOL, be sure to keep it in a safe place until delivery has been made.

A bill of lading (BOL) is a legal document that outlines the terms of a shipment. A BOL includes information about:

• the sender,
• recipient,
• and goods being shipped.

There are two types of BOLs:

1. Negotiable. Negotiable BOLs can be transferred to another party without the consent of the shipper, while non-negotiable BOLs cannot.
2. Non-negotiable. Non-negotiable BOLs are typically used when shipping high-value or sensitive items, as they offer greater security than negotiable BOLs.

If you are shipping goods via a non-negotiable BOL, be sure to keep it in a safe place until delivery has been made.

Related Links

Non-Negotiable Bill of Lading Definition – Operations & Supply Chain Dictionary
What is Non-negotiable B/L? Definition and meaning
What are the differences between bills of lading vs. non-negotiable bills of lading? – AdvancedonTrade.com – Export, Import, Customs

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