fbpx

Speed Commerce

What Is a Non-Negotiable-BOL? | Speed Commerce

What Is a Non-Negotiable-BOL?

3PL Glossary > Non-Negotiable BOL

What Is a Non-Negotiable-BOL?

A Non-Negotiable Bill of Lading (BOL) is a transportation document that serves as a receipt for goods shipped, as well as a contract of carriage between the shipper and the carrier. Unlike a negotiable bill of lading, which can be transferred to others, a non-negotiable BOL explicitly states that the goods are to be delivered only to the named consignee and are not transferable to other parties. This type of BOL is often used when the shipper wants to maintain strict control over the shipment and prevent it from being transferred or assigned to different entities during transit.

What Ae the Key Characteristics of a Non-Negotiable Bill of Lading (BOL), and How Does It Differ from a Negotiable BOL in International Trade?

Let's Get Started!

A fulfillment expert will get back to you within 1-2 business days.

What We Do

Our Solutions

Speed Commerce is a leader in eCommerce services for retailers and manufacturers. We provide outsourced services for our clients. To learn more, watch this short video. 

A non-negotiable BOL is its restriction on transferability. It includes clear language indicating that the document is non-negotiable, and that the goods are to be released only to the specified consignee mentioned in the document. This type of BOL provides an added layer of security for the shipper, reducing the risk of unauthorized parties gaining control over the cargo. Non-negotiable BOLs are commonly used in situations where the shipper and consignee have a well-established relationship, and there is a need for precise control over the delivery process.

Non-negotiable BOLs are frequently employed in scenarios where the shipper wants to ensure that the goods reach a specific recipient without any intermediaries. This is common in transactions where the confidentiality or security of the cargo is paramount. By designating a non-negotiable BOL, the shipper maintains control over the consignment until it reaches the intended consignee. This type of BOL is advantageous for protecting the interests of both parties and is particularly relevant in industries where the nature of the cargo demands heightened security measures or when there is a need for a direct and controlled shipment process.

FAQs

No, a Non-Negotiable Bill of Lading is not transferable to another party. Unlike a Negotiable Bill of Lading, which can be endorsed and transferred to other parties, a Non-Negotiable BOL explicitly states that it is not negotiable, meaning it cannot be assigned or transferred to another party during the course of the shipment.

Yes, a Non-Negotiable Bill of Lading can be used to claim ownership of the shipped goods at the destination port. While it is not a document of title like a Negotiable BOL, it serves as a receipt and evidence of the contract of carriage. The consignee named in the Non-Negotiable BOL can use it to take possession of the goods upon arrival.

No, a Non-Negotiable Bill of Lading does not require a signature for the transfer of ownership. Unlike Negotiable BOLs, which may require endorsements and signatures for transfer, a Non-Negotiable BOL is straightforward. The ownership and rights to the goods are typically determined by the consignee information stated on the document, and a signature is not a prerequisite for the transfer of ownership.

Get Started Today!

REQUEST A QUOTE

Once your request is submitted, a fulfillment expert will get back to you within 1-2 business days.