Non Negotiable Bill Of Lading Meaning. A bill of lading is a document outlining the agreement between shipper and carrier as well as the type, quantity, and destination of goods being carried. A negotiable bill of lading instructs the carrier to deliver goods to anyone in possession of the original.
A negotiable bill of lading means that these bill of ladings can be negotiated and transferred to any other person who will become the owner of the cargo. A key feature of a straight bill is that the consignee is named when the bill is issued and.