{"id":5104,"date":"2019-02-25T10:53:07","date_gmt":"2019-02-25T15:53:07","guid":{"rendered":"https:\/\/www.letterofcredit.biz\/?p=5104"},"modified":"2019-05-15T16:48:53","modified_gmt":"2019-05-15T20:48:53","slug":"to-order-and-blank-endorsed-bill-of-lading","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2019\/02\/25\/to-order-and-blank-endorsed-bill-of-lading\/","title":{"rendered":"To Order and Blank Endorsed Bill of Lading"},"content":{"rendered":"<p><a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2018\/04\/02\/bill-of-lading\/\">Bill of lading<\/a>, which is a transport document used in international trade, is an authentic receipt delivered by a <a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/04\/03\/parties-on-a-bill-of-lading-shipper-consignee-notify-party-and-carrier\/\">carrier<\/a>, confirming that the goods therein specified (markings, types of goods, number of packages, etc.) have been loaded or taken in charge for loading on a designated vessel for carriage to a specified port.<\/p>\n<p>On this article you can find the definitions of \u201cto order&#8221; and &#8220;blank endorsed\u201d terms as used on bills of lading.<\/p>\n<p>To order and blank endorse term is related to the <a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/05\/15\/consignee-of-a-bill-of-lading\/\">consignee<\/a> field of a bill of lading and determines if a letter of credit issued in a negotiable or straight form.<\/p>\n<p>If you need more information regarding negotiable bills of lading and straight bills of lading, please read my article \u201c<a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/02\/24\/what-does-made-out-to-the-order-of-mean-in-a-bill-of-lading\/\">What Does \u201cMade Out to the Order of\u201d Mean in a Bill of Lading?<\/a>\u201d.<\/p>\n<p>To order bill of lading is the one that <a href=\"https:\/\/www.letterofcredit.biz\/index.php\/2019\/05\/15\/consignee-of-a-bill-of-lading\/\">consignee<\/a> part of the bill of lading have been completed by writing \u201cto order\u201d only as can be seen on the below example.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-5114\" src=\"https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/To-Order-Bill-of-Lading-Example.png\" alt=\" To Order Bill of Lading Example\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/To-Order-Bill-of-Lading-Example.png 1200w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/To-Order-Bill-of-Lading-Example-300x225.png 300w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/To-Order-Bill-of-Lading-Example-768x576.png 768w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/To-Order-Bill-of-Lading-Example-1024x768.png 1024w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/To-Order-Bill-of-Lading-Example-80x60.png 80w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/To-Order-Bill-of-Lading-Example-265x198.png 265w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/To-Order-Bill-of-Lading-Example-696x522.png 696w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/To-Order-Bill-of-Lading-Example-1068x801.png 1068w, https:\/\/www.letterofcredit.biz\/wp-content\/uploads\/To-Order-Bill-of-Lading-Example-560x420.png 560w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<ul>\n<li>\u201c<strong>To order<\/strong>\u201d means that the bill of lading has been consigned to order of the shipper. The shipper indicated on the bill of lading determines who should collect the goods at the port of discharge by surrendering at least one original copy to the carrier.<\/li>\n<\/ul>\n<p>The shipper makes this determination with the help of the <span style=\"color: #339966;\"><strong>endorsement<\/strong><\/span>.<\/p>\n<ul>\n<li>\u201c<strong>Blank endorsement<\/strong>\u201d 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.<\/li>\n<\/ul>\n<blockquote class=\"td_quote_box td_box_center\"><p><strong>To order bill of ladings can be blank endorsed by putting Shipper Company\u2019s stamp and signature on the reverse side of the bill of lading.<\/strong><\/p><\/blockquote>\n<p>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 &#8220;consignee&#8221; field of the bill of lading.<\/p>\n<p>Only when the B\/L is made out to order of the shipper is the shipper able to endorse in blank before presentation under the credit.<\/p>\n<p>As a result,<\/p>\n<ul>\n<li>Consignee: to order ==&gt; shipper can endorse in blank<\/li>\n<li>Consignee: to order of the shipper ==&gt; shipper can endorse in blank<\/li>\n<li>Consignee: to order of the issuing bank ==&gt; issuing bank can endorse<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Bill of lading, which is a transport document used in international trade, is an authentic receipt delivered by a carrier, confirming that the goods therein specified (markings, types of goods, number of packages, etc.) have been loaded or taken in<\/p>\n","protected":false},"author":1,"featured_media":5118,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152,209,22,150],"tags":[491,487],"class_list":["post-5104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bill-of-lading","category-how-to-work-with-a-letter-of-credit","category-basics","category-letter-of-credit-documents","tag-blank-endorsed","tag-to-order"],"_links":{"self":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/5104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/comments?post=5104"}],"version-history":[{"count":0,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/5104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media\/5118"}],"wp:attachment":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media?parent=5104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/categories?post=5104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/tags?post=5104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}