The party in whose favour a document and/or the rights contained therein in transferred by signature of the endorser.
Read MoreEndorsement
The act of a person who is holder of a negotiable instrument in signing his or her name on the back of that instrument, thereby transferring title or ownership. An endorsement may be made if favour of another individual or…
Read MoreEscrow account
A temporary pass through account held by a third party during the process of a transaction between two parties. This is a temporary account as it operates until the completion of a transaction process, which is implemented after all the…
Read MoreeUCP
The Uniform Customs and Practice for Documentary Credits (Supplement for Electronic Presentation) is a supplement to the International Chamber of Commerce´s Uniform Customs and Practice for Documentary Credits (UCP 600) to accommodate presentation of documents and records alone or in…
Read More