Letter of Credit Forum

Dear Expert,

please advise in endorsement in Bill of Exchange.

1.bill of exchange issued by beneficiary mentioning 'PAY TO THE ORDER OF OURSELVES', in this BE, is it necessary to endorse in favor of LC issuing bank?

2.bill of exchange issued by beneficiary mentioning 'PAY TO THE ORDER OF XYZ BANK (doc. nego. bank)', and negotiating bank only stamp in bill of exchange, only stamp of nego. bank satisfy the condition of endorsement in BE?

3.in BE, signature without mentioning nothing fulfill the condition of endorsement of bill of exchange as blank endorsement?

4.is it necessary to mention 'pay to the order of.....' or like this to endorse bill of exchange?

please clearify the different situation of bill of exchange endorsement?