Straight

Straight B/L in International Trade

Meaning of Straight B/l, according to the Dictionary of International Trade (Global Negotiator): A non-negotiable bill of lading which specifies the consignee to whom the goods are to be delivered. It is used when payment for the goods has been made in advance. A straight bill of lading cannot be transferred by endorsement. Also called non-negotiable B/L. See bill of lading.

Straight L/C in International Trade

Meaning of Straight L/c, according to the Dictionary of International Trade (Global Negotiator): A letter of credit payable only at the opening bank or at a bank specified within the credit. See letter of credit.