Straight Bill of Lading


Also found in: Acronyms.

Straight Bill of Lading

A bill of lading that is cosigned to a specific party and is therefore non negotiable.

Straight Bill of Lading

A document in which a seller agrees to use a certain transportation to ship a good to a certain location, where the bill is assigned to a specific party. The straight bill of lading details the type, quality, and quantity of the good. It also serves as the receipt upon arrival at the destination. Because it is assigned to a specific party, it is not negotiable and may not be re-assigned to another party.