Is a straight bill of lading typically negotiable?

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 typically not negotiable. This is because a straight bill of lading is made out to a specific consignee and is intended for their sole use. The actual recipient named on the bill has the right to receive the goods, and it cannot be transferred to another party without the consent of that recipient. This characteristic fundamentally differentiates it from a negotiable bill of lading, which can be endorsed and transferred to third parties.

In contrast, other forms of bills of lading, like order bills of lading, allow for negotiation and transferability, which is why in the context of this question, the straight bill of lading is specifically classified as non-negotiable.

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