Endorsement Meaning in Logistics

In logistics, an endorsement refers to the signing of a document, such as a bill of lading or note, by the holder to transfer ownership to another party.

The endorsement effectively serves as an order form to exchange the ownership of goods, with the endorsement signature legally binding the holder to transfer the document and the goods to the new owner. In logistics, endorsements are common practice in the transportation and trade of goods and are essential in providing proof of ownership and transfer of goods. The endorsement process ensures that the correct parties are held responsible for the goods and that they are delivered to the correct recipient.