Which type of BL is described as non-negotiable?

Which type of BL is described as non-negotiable?

• A. Non-negotiable BL
• B. Endorse with signature
• C. Deliver
• D. Negotiable BL

Answer: (A)

Non-negotiable bills of lading are straight bills of lading issued to a named consignee and cannot be transferred by endorsement. This means the goods can only be claimed by the person named on the document, so the title cannot be negotiated to someone else. That non-transferable nature is what defines this type. In contrast, a negotiable bill of lading can be endorsed and transferred to another party, which is why that form is described as negotiable. The other terms describe methods of transferring title or are not types that carry the non-transferable characteristic.

Non-negotiable bills of lading are straight bills of lading issued to a named consignee and cannot be transferred by endorsement. This means the goods can only be claimed by the person named on the document, so the title cannot be negotiated to someone else. That non-transferable nature is what defines this type. In contrast, a negotiable bill of lading can be endorsed and transferred to another party, which is why that form is described as negotiable. The other terms describe methods of transferring title or are not types that carry the non-transferable characteristic.