For which of the following scenarios is the bill of lading NOT issued?

Prepare for the Certified Export Specialist Test. Use flashcards and multiple-choice questions, each with hints and explanations. Get ready to excel!

A straight bill of lading is a document used in international trade that serves as a receipt for cargo and can represent ownership, but it is not negotiable—meaning the title to the goods cannot be transferred to another party. In scenarios involving a straight bill of lading, the cargo is typically intended to be delivered to a specific consignee, and the bill indicates that the goods will only be delivered to that designated party.

In contrast, a negotiable bill of lading allows for the transfer of ownership, meaning it can be endorsed to another party, which is often used in situations where the goods might be sold while in transit. Bills of lading can also be issued in cases where cargo requires special handling or where insurance coverage is applicable, making these options irrelevant in determining when a bill of lading is not issued. Thus, a straight bill of lading is distinct in its characteristics and usage, indicating that it would not fit scenarios that typically require a bill of lading due to the lack of negotiability and limited transferability of ownership.

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