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What are blank bill of lading, blank payable and blank endorsement?
Blank header: Also known as endorsement of bill of lading, when the bill of lading is transferred to the bank, the bank obtains the ownership of the goods, and the shipper only needs to sign on the back of the bill of lading without making any records.
Blank endorsement: also known as bearer endorsement, abbreviated endorsement and incomplete endorsement, is a financial document, which refers to an endorsement that is only signed by the endorser and does not record the name of the endorsee. In the practice of foreign bills, there is blank endorsement. In the Geneva negotiable instrument law system, blank endorsement has the same effect as formal endorsement. In China, blank endorsement should be supplemented to produce a series of bill effects.
Extended data
Blank endorsement exists in banking, checks, bearer bills, bearer securities, bills of exchange, international trade negotiation documents, promissory notes, etc.
As a kind of ownership certificate, ocean bill of lading has unparalleled importance in foreign trade documents, and the types and endorsements of bill of lading need special understanding. In export business: the endorsement of the bill of lading is only used to indicate the order bill of lading, and other bills of lading, such as registered bills of lading and bearer bills of lading, need not be endorsed.
The printed terms on the bill of lading stipulate the rights and obligations between the carrier and the shipper, and the bill of lading is also the basis for handling the legally recognized transportation of goods, so it is generally considered that the bill of lading itself is a transportation contract.
References:
Baidu encyclopedia-bill of lading
? Baidu Encyclopedia-Search
? Baidu encyclopedia-blank endorsement
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