Endorsement: l/c (only used for the term l/c)This is the procedure for the transfer of ownership from the beneficiary l/c to beneficiary. The endorsement (Endorser) sign the assignment on the back of the l/c and give People transferable (Endorsee). The signing late, shown below the form: Endorsement to white (Blank endorsement): Not only the specific beneficiary is the next one, which just signed. With this form, the person would hold l/c, considered as the beneficiary. Endorsement by the order (To order endorsement): type specifies a speculative manner the beneficiary l/c, often credited as follows: "Pay to the order of Mr. A" Limited endorsement (Restrictive endorsement): also known as restrictive endorsement. In the form of this endorsement, the assignment is clearly restrictive beneficiary only next and that person only: "Pay to Mr. A only" Access free endorsement claim (Without recourse endorsement): this Kind, who are not given the right to reclaim the money transfer for yourself if the payer refuses to pay.
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