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:
- Negotiable. Negotiable BOLs can be transferred to another party without the consent of the shipper, while non-negotiable BOLs cannot.
- 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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