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.
References in periodicals archive ?
which, subject to the straight bill of lading issue, would also invoke the compulsory regime of the 1971 Act.
It first holds that a straight bill of lading did constitute a "bill of lading" under the Hague Rules.
It seems to me to be plain as a matter of common-sense but also on a review of the material cited in this judgment, that, in this connection, a named consignee under a straight bill of lading, unless he is the same person as the shipper, is as much a third party as a named consignee under a classic bill.
All parties hereto and their assigns are familiar with, and agree that this bill of lading is subject to (1) the terms and conditions of the Uniform Straight Bill of Lading, as set forth in the National Motor Freight Classification, and (2) the individually determined rates or contracts agreed upon in writing between the carrier and shipper, if applicable, otherwise the rates, classifications, and rules that have been established by the carrier and are available to the shipper, on request, which are in effect on the date of the shipment.
This clause was inserted into the Uniform Straight Bill of Lading to be used only when the ICC issued a Released Rate Order authorizing an option of two or more released rates.
Zerodown Carrier Select's software, to name just one example, includes the Uniform Straight Bill of Lading, Straight Bill of Lading--Short Form, and the vies (Voluntary Interindustry Commerce Standards) Bill of Lading.