Bill Of Lading Hide Signature For Free

A blank endorsement on a bill of lading indicates the seller has not specified a recipient or buyer for the goods. If a seller or exporter does not have a buyer for their goods at the time of shipment, they can indicate "to order" or "to order of" in the consignee section of the bill of lading.

Now to avoid this INDIAN exporter import goods from china but does not file bill of entry for imports in India., he contacts shipping line for Switch B/L so now shipper & consignee is changed and now USA party becomes importer and INDIAN party becomes exporter (in new bill of lading).

A bill of lading is a document of title, a receipt for shipped goods, and a contract between a carrier and shipper. This document must accompany the shipped goods and must be signed by an authorized representative from the carrier, shipper, and receiver.

A blank endorsement is a signature on a financial instrument such as a check. No payee is specified, so any holder of the instrument could claim payment. The signature essentially turns the instrument into a bearer security. That is, it is not registered to any individual but is payable to the person who possesses it.

Bills of lading are therefore usually made out to or endorsed to a named consignee. The greatest security of all is afforded by issuing or endorsing a bill to a buyer nominated bank with an instruction to the bank to endorse and hand the bill over to the buyer when, and only when, payment has been made.

The bill of lading must contain the terms and conditions of the contract.(1) Your name and address, or the name and address of the motor carrier issuing the bill of lading. (2) The names and addresses of any other motor carriers, when known, who will participate in transportation of the shipment.

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. According to ICC experts a bill of lading issued to the order of a party can only be endorsed by the party stated in the consignee field of the bill of lading.