Straight B/L

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….

Read More

Straight L/C

A letter of credit payable only at the opening bank or at a bank specified within the credit. See letter of credit.

Read More

Strategic alliance

A strategic alliance is an agreement between two separate business entities to pool resources in order to achieve a common goal. In strategic alliances, the participants remain separate and do not form a new entity as with joint ventures and…

Read More

Strategic alliance contract

This contract regulates commercial relationships between two companies which wish to obtain mutual benefits by means of the establishment of an Alliance (partnership) that may have different objectives: to carry out a research project, design and manufacture of new products,…

Read More