* Negotiable Bill of Lading - Also known as Order Bill of Lading is a negotiable document by which a transportation line acknowledges receipt of freight and contracts for its movement. The surrender of the original straight bill of lading, properly endorsed, is required by transportation lines upon delivery of the freight, in accordance with the terms of the bill of lading.
* Non-Negotiable Bill of Lading - Also known as Straight Bill of Lading is a non-negotiable document by which a transportation company acknowledges receipt of freight and contracts for its movement. The surrender of the original straight bill of lading is not required by transportation lines upon delivery of freight, except when necessary for the purpose of identifying the consignee.