Straight Bill of Lading

What information is included on the straight bill of lading?

This document details information including origin, destination, item descriptions, and quantities, accepted terms and conditions, and any special agreements meant to guide delivery. When all relevant information is filled out accurately, it serves as both proof of receipt of goods by the carrier and evidence of title transfer from exporter to carrier.

Because it serves two contractual roles simultaneously, it’s important for both parties to understand its significance before signing off on any shipment.

Key Takeaways

What, exactly, is a straight bill of lading (BoL)?

• • Straight bill of lading definition: A straight bill of lading, also known as a nonnegotiable bill of lading, is a commonly used document in the shipping and freight industry. It is a contract between an exporter and a carrier that proves ownership of the goods being transported. 
  • Unlike traditional bills of lading, the SBOL does not need to be endorsed by a consignee, shipper or any other third party prior to it becoming a bill of lading.

What makes a straight bill of lading different?

A Straight Bill of Lading (SBOL or Straight BoL) is a document used to document the transfer of goods from one party to another. Unlike traditional bills of lading, the SBOL does not need to be endorsed by a consignee, shipper or any other third party prior to it becoming a bill of lading.

When the SBOL is delivered, a contract is formed and payment for goods may be accepted without further endorsements. This makes issuance of documents simpler as well as providing significant savings in time and cost in terms of logistics and delivery. Additionally, electronic versions of SBOLs can be created which result in even more efficient document issuing and delivery processes.