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What is a straight bill of lading?

A Negotiable Bill of Lading instructs the carrier to deliver goods to any one person in possession of the original endorsed Negotiable Bill. A non-negotiable Bill of Lading sets one specific consignee, receiver, or buyer to whom the goods must be shipped.

What is the difference between a straight and negotiable bill of lading?

The main risk associated with a bill of lading is that it is a binding contract. This means that if either party does not uphold their end of the agreement, they may be held liable.