1. How to endorse a bill of lading?
1. With "by instruction" ( Toorder) as the payee, it is called a bearer order bill of lading. That is, "Toorder" is filled in the consignee column of the bill of lading and the shipper makes a blank endorsement on the back of the bill of lading, so it is also called a "blank header, blank endorsement" bill of lading.
2. With the "shipper's designated person" (Toorderofshipper) as the payee, it is called a bill of lading against the shipper's instructions. That is, fill in "Toorder of shipper" or "Toshipper's order" in the consignee column of the bill of lading, and the shipper will make a blank or registered endorsement on the back of the bill of lading for transfer. The shipper does not need to endorse, and only the shipper can pick up the goods. The seller retains title to the goods.
3. With "Toorder "issuingbank" as the header, it is called a bank instruction bill of lading, that is, fill in the consignee column of the bill of lading. "Totheorderofxxxxbank (name of the issuing bank)" or "Toxxxxbank's order", and the bank (often the issuing bank in the letter of credit payment method) endorses the transfer.
4. With "Toorderofapplicant" as the header, it is called the consignee's instruction bill of lading, that is, fill in "Totheorderofconsignee" or "Toconsignee'sorder" in the consignee column of the bill of lading, and the bill of lading shall be signed by the consignee. The consignor endorses the transfer on the back of the bill of lading.
The header and endorsement of the bill of lading are directly related to issues such as who owns the property rights and whether they can be transferred. In actual foreign trade In business, the payment method of letter of credit usually uses the bill of lading with the instruction header. Under the collection payment method, it can only be made into a bearer (blank) instruction or the bill of lading with the shipper's instruction. Under the payment method of letter of credit, the specific method of filling in the bill of lading header is certain. It must be handled strictly in accordance with the requirements of the letter of credit.
2. What are the types of endorsements on bills of lading?
1. A blank endorsement of a named bill of lading (TOORDEROF..., without indicating the endorsee): The shipper, consignee or importer's bank acts as the first endorser to transfer the ownership of the bill of lading to an unknown person;
2. Bearer instruction bill of lading endorsed in blank (TOORDER, without specifying the endorsee): The shipper, as the first endorser, transfers the ownership of the bill of lading to an unknown person;
3. Named endorsement Instruction bill of lading (TOORDEROF..., indicate the endorsee): The shipper, consignee or importer's bank acts as the first endorser to transfer the ownership of the bill of lading to a specific other person;
The above is the relevant information compiled by the editor of Legal Savior Network for everyone. To sum up, we can understand that mentioning endorsement is an act of endorsing the bill of lading. Bill of lading endorsement can generally be divided into a named bill of lading with blank instructions and a named bill of lading with bearer instructions endorsed in name. If you have any other questions, please feel free to consult online.
