B/lVery popular profession in international trade, such as l/c endorsement-assignment of rights in order to receive a certain amount at the time of maturity on the l/c on orders from this subject through other subjects, or endorsement of insurance-in order to transfer the right to compensation in the case of the object of insurance losses from subject to subject.According to this interpretation, the b/l is understood as "the Act of transfer of ownership of the goods described on the invoices by the order from the recipient of the goods through other recipients". The endorsement will sign up on the back of invoices and invoices for the person receiving the endorsement. Legally I can understand, the endorsement is the Act of expressing the acceptance of the endorsement on the waiver of the ownership of the goods described on invoices and transfer it to the person receiving the endorsement.Endorsement has three basic characteristics:(i) endorsement is unconditional: when the endorsement does not need to be stated, the endorsement is not necessary to notify the passenger or the holder may have previous endorsement. Endorsement if the conditions attached to the endorsement will become disabled.(ii) the endorsement is the confirmation of the endorsement of the transfer of ownership of the goods described on invoices to the recipient signed late, that means the transfer of the rights and obligations regarding the goods to the recipient for the endorsement.(iii) the endorsement is only applicable to invoices by the order.
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