Which type of document is a straight bill of lading recognized as?

A straight bill of lading is recognized as a non-negotiable document. This means that it serves a specific purpose in the shipping of goods but does not allow for the transfer of ownership once it has been issued. In practical terms, a straight bill of lading is typically used when the goods are being shipped directly to a specific consignee, and it specifies the consignee's name on the document.

Unlike negotiable documents, which can be endorsed and transferred to others, a non-negotiable bill of lading requires that the named party—usually the consignee—be the one to claim the goods upon arrival. This provides a more secure method of shipment for the sender, ensuring that only the specified recipient can take possession of the cargo.

This documentation ensures that the terms of the shipment are clear and that there is no question about who is entitled to receive the goods upon delivery. The nature of a straight bill of lading makes it crucial in transactions where control over the goods needs to be tightly maintained.