أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
BL is a document of title. so to whomever it is endorsed, the title of the goods is transferred accordingly. furthermore the goods are only released to the person with such a title.
When BL is endorsed it is transferable and negotiable
The shipper indicated on the bill of lading determines who would collect the goods at the port of discharge by showing at least one original copy to the carrier. The shipper determins with the help of the endorsement.
it means that the entity of persone quoted in the order of original bills of lading can discharge the goods from port
It infers the ownership of the good. Means that the shipper indicated on the bill of lading can collect the goods from the carrier by surrendering at least one original copy to the carrier by means of endorsement.
When bills of lading are made out, or endorsed, to a named consignee, then only that consignee can take delivery of the shipment. A B/L made out to a named consignee can be endorsed only by that consignee, not the shipper because it is a negotiable instrument.If the consignee is not known at the time the shipper instructs shipment on a particular vessel then the bills of lading may also be made out to order. In this case, only the party to whom they are endorsed with the words 'deliver to …' or 'deliver to the order of …' can take delivery. This endorsement is made by the shipper who is named on the B/L. Occasionally buyers stipulate in their shipping instructions that the goods be consigned to order.A bill of lading is a negotiable instrument and can be passed from a shipper through any number of parties, each party endorsing it to assign title to the next party. The only condition is that title can be assigned only by the party shown on the bill as having title at the time.
it means that holder of original bills of lading can discharge the goods from port
means that the holder of the original bills of lading can claim the goods from the carrier at the port of discharge by surrendering at least one original copy of a bill of lading. To order bill of ladings can be blank endorsed by putting Shipper Company’s stamp and signature on the reverse side of the bill of lading.
endorsement on bill of lading is necessary to release the goods from the port
