Application Of Endorsement In Foreign Trade Business

What is the meaning of "endorsement" and what is the meaning of endorsement? < p > < strong > 1). What is the meaning of endorsement? < /strong > < /p >

(P > A) endorsement is simply to sign (or seal) the back of a bill or document requiring endorsement, and then deliver the endorsed notes or documents to the assignee.

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What is the significance of endorsement? < p > b)? < /p >

The meaning of < p > endorsement is that after the endorsement or bill is endorsed to the assignee, the assignee or holder will get the right stated in the bill or the bill. If it is a bill of exchange, the holder can claim the price specified in the draft on the drawee of < a href= "http://www.91se91.com/news/ index_c.asp > >" /a ">; if it is a bill of lading, the holder will have the right to claim the goods under the bill of lading to the carrier or the shipping company; if it is an insurance policy, the holder can claim damages from the insurer (insurer).

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< p > it is worth noting that endorsement actually has two actions: one is to sign (or seal) on the back of a bill or document, and the other is to deliver it to the endorser.

For example, a common bill of lading in the business, if the consignee writes a TO ORDER, usually passes the endorsement of the consignor, and then delivers it to the consignee. It is settled through the letter of credit, pferred to the issuing bank through the negotiating bank, and then pferred to the consignee by the negotiating bank. In the form of D/P, the documents are forwarded to the collecting bank through the collecting bank, and then handed over to the consignee by the collecting bank, and the goods are settled by the consignor directly to the consignee, and so on, by the way of the pre-sale payment, and so on. < /p >

< p > < strong > 2) to understand the definition and meaning of endorsement, it is easy to understand why the common and unclear bills of lading, insurance policies and other documents in the business need to be endorsed.

But under what circumstances do the bills of lading or insurance policies need to be endorsed or not "a href=" http://www.91se91.com/news/index_c.asp "> endorsement" /a "? Here are the following examples: < /strong > /p >

< p > A) as mentioned above, if the consignee on the bill of lading is written as TO ORDER, it must pass the endorsement of the consignor.

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< p > why is that? This is because the TO ORDER in the column of consignee indicates that the consignee is instructed.

So whose instructions are there? There is no clear explanation. Under such circumstances, of course, the consignor has the right to issue instructions.

Therefore, whenever such a bill of lading is expressed, the shipper must endorse it.

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< p > similarly, if the a href= "http://www.91se91.com/news/index_c.asp" > insurance policy < /a >, if the insured person's column is an applicant, it is also necessary for the applicant to endorse it.

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< p > b) if the consignee on the bill of lading is written in the column TO ORDER OF XXX (issuing bank or consignee), there is no need to endorse the shipper.

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< p > why is that? This is because the TO ORDER OF XXX (the issuing bank or consignee) in the column of consignee indicates that the consignee is instructed by XXX (the issuing bank or consignee).

Since the instructions have been made clear, there is no need for the endorser of the consignor, of course, when the consignor does not have the right to endorse.

Therefore, there is no need for endorser to endorse the bill of lading.

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< p > similarly, if the insured person is an issuing bank or consignee in the policy, there is no need for endorsement by the applicant.

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