Endorsement of Original B/L refers to the act of the holder of the original bill of lading signing or stamping on the back of the original B/L and delivering it to the transferee, in order to transfer the ownership of the goods or the right to take delivery of the goods represented by the B/L. Usage scenarios: In L/C, documentary collection, or T/T settlement, when the B/L is an order bill (such as 'TO ORDER' or 'TO ORDER OF SHIPPER'), endorsement is required to complete the transfer of property rights; the consignee takes delivery of the goods against the endorsed original B/L. Precautions: The endorsement must be consistent with the L/C requirements (such as blank endorsement or special endorsement), and the original B/L must be used; endorsement on a copy B/L is invalid; the endorser must have the right to dispose of the goods, otherwise legal disputes may arise. Differences: Unlike 'telex release', endorsement transfers the paper original document of title, while telex release releases goods via electronic instruction; unlike 'sea waybill', a sea waybill is not endorsable or transferable.
📝 Examples
1. According to the L/C requirements, we have made the original B/L a blank endorsement and submitted it together with other documents to the negotiating bank. (Note: After blank endorsement, any holder of the B/L can take delivery of the goods, commonly seen in L/C settlement.)
2. Please make a special endorsement to the final buyer immediately upon receipt of the original B/L, so that they can smoothly take delivery of the goods at the destination port. (Note: Special endorsement designates a specific consignee, and continuity of endorsement must be ensured.)
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