The detailed explanation is as follows:
To put it bluntly, the shipper can get the original bill of lading issued by the shipping company (or the shipping company's agent) and stamp the company's export invoice on the back of the bill of lading.
The ownership of the goods still belongs to the seller until the shipper (that is, the seller) designates the consignee or assignee. Generally, the seller makes a blank endorsement on the back of the blank bill of lading, transfers the bill of lading to the bank, and the bank obtains the ownership of the goods. If the letter of credit stipulates that "blank endorsement" or "blank endorsement" refers to blank endorsement, the shipper only needs to sign on the back of the bill of lading without making any records.
The following information is expected to help you:
Endorsement refers to the behavior of the holder to record relevant matters on the back of the bill or on a note and sign it for the purpose of transferring the rights of the bill to others or granting certain rights to others to exercise. Endorsement can be divided into transfer endorsement and non-transfer endorsement according to different purposes. The purpose of transfer endorsement is to transfer the rights of the holder to others. Non-negotiable endorsement refers to granting specific bill rights to others, including entrusted collection endorsement and pledge endorsement. For whatever purpose, endorsements should be recorded and bills should be delivered.
After endorsement, the ownership of the bill is transferred from the endorser to the endorsee. Bills can be transferred by endorsement many times. Endorsement includes five ways: limited qualitative endorsement, blank endorsement, special endorsement, limited endorsement and conditional endorsement.
The meaning of business behavior:
Endorsement is an important way and means to transfer the rights of bills, and the continuity of endorsement is an important factor to prove the rights of bill holders.
The significance of endorsement in business activities: in the process of transferring a check, the person who transfers the check should sign (or seal) on the back of the check, which is called endorsement. The endorser will be responsible for the repayment of this check to a certain extent, similar to guarantee, and then extended to guarantee and guarantee. Is to guarantee or guarantee what you do or what you say.