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[Music] this is presented by hps trade japanese freight forwarder in thailand hello it's eno today i would like to explain about bl endorsement which is done in ocean freight forwarding first of all what does bl endorsement mean it is a signature written on the back of bl we sometimes arrange for endorsement of bl in a hurry when we pick up the cargo at the import side and find that there is nothing written on the back of bl today i will explain in detail about endorsement of bl when and by whom is necessary so let's get started first of all please understand that bl stands bill of lading which means it is securities bl is the document that proves who is the owner of the cargo which is transported by ship or plane and delivered from the exporter to the importer bl sign called endorsement transfers the right of ownership from the exporter to the importer in addition endorsement on bl by the importer allows the forwarder to pick up the shipment as the importer's agent so let's take a closer look about endorsement of bl the front side of bl contains the shipper consignee and cargo details on the back side there is a lot of fine print in light gray or others there is written the terms and conditions which is the contract of carriage with the shipping company issuing bl the company's seal is stamped on the terms and conditions printed on the back of bl and the person from that company signs it this company name and signature is called endorsement i have seen endorsements in the corners or in the blank space where there is no printing on the back of bl however there is no problem in writing endorsement over the terms and conditions also it is normal to write endorsement at an angle so that the terms and conditions can be read now that you know what endorsement is let's talk about whose endorsement is required first of all it is important to note that whose endorsement is needed depends on description of bl there is the description of the exporter an importer on bl bl that includes the name and address of the importer is called straight bl on the other hand which written to order or to order shipper on consignee section instead of the specific name is called order bl the person who writes endorsement is different between straight bl and order bl in straight bl the names of the exporter or importer are listed on consignee section when straight bl is issued it is common for the exporter to send bl directly to the importer once the cargo arrives at the importing country the ownership inevitably transfers to the importer therefore the exporters endorsement on bl can be omitted then the importer does endorses meant on bl as proof of receipt of the shipment on the other hand in order bl it is not clear...