Endorsement

An Endorsement refers to the legal transfer of the right to obtain delivered goods from the carrier.

What is Endorsement ?
An Endorsement is the transfer of the right to receive delivered goods. This transfer usually occurs through the consignor's and consignee's signature on the bill of lading. In cases where the name of the new consignee is not stated, the endorsement is an open one enabling any document holder to obtain the goods' delivery.