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In trade finance, there are two kinds of bills of lading: A straight bill of lading, if the goods are consigned directly to the buyer. A straight bill of lading is non-negotiable, and the carrier must deliver the goods directly to the buyer at the point of discharge.
Mode of transport types Sea Waybill \u2013 non-negotiable variant of the ocean bill of lading. Master Air Waybill \u2013 freight shipments shipped by air. Inland Bill of Lading \u2013 freight shipments shipped over land (rail or road). Multimodal Bill of Lading \u2013 goods are shipped over more than one mode of transport.
There are usually two types of bill of lading, the House Bill of Lading and the Master Bill of Lading. An ocean bill of lading indicates a particular carrier through which the goods have been placed to their final destination and the conditions for transporting the shipment to its final destination.
The bill of lading states that the goods are consigned to a specified person and it is not negotiable. A straight bill of lading is a document in which a seller agrees to use a specific transportation to ship goods to a certain location, and the bill is assigned to a specific party.
noun. a bill of lading that is issued to a specified consignee for the delivery of the goods and that cannot be endorsed to another party.
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Types of Bill of Lading Clean Bill of Lading. Received for Shipment Bill of Lading. Through Bill of Lading. Claused Bill of Lading. Container Bill of Lading. House Bill of Lading. Master Bill of Lading. Charter Party Bill of Lading.
It is worth noting that a straight bill of lading never includes the phrase 'to order' in the consignee box (or wording elsewhere on the bill making clear that it is transferable) as this makes the bill a negotiable bill of lading. In this example Grain Trader Ltd is the shipper and Wheat Import AS is the consignee.
There are usually two types of bill of lading, the House Bill of Lading and the Master Bill of Lading. An ocean bill of lading indicates a particular carrier through which the goods have been placed to their final destination and the conditions for transporting the shipment to its final destination.
Non-negotiable bill of lading - Straight bill A non-negotiable bill of lading is often referred to as a straight bill of lading. A key feature of a straight bill is that the consignee is named when the bill is issued and cannot later be changed.
Straight Bill of Lading A straight bill of lading is essentially the non-negotiable bill of lading. It is a bill of lading that limits the carrier's liability. It cannot be transferred to any consignee, receiver, or purchaser; it must be transferred to the specific recipient.

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