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What does "blank endorsement" mean in foreign trade transactions?
When a bill is transferred, it is also called bearer endorsement. It means that the endorser does not record the endorsee, but only completes the endorsement of the bill signed by the endorser. In the legal system of negotiable instruments in Geneva, blank endorsement has the same effect as formal endorsement. In China, blank endorsement should be supplemented to produce a series of bill effects.