[E025]

endorsement in blank
An assignment method used in both ocean and inland marine insurance in order to be able to allow the insurance coverage on cargo to transfer with the cargo and to protect the various interests involved. To handle this approach, a special type of cargo insurance on a bill of lading may be issued, allowing the insured to sign off on the certificate of insurance, thus assigning the policy to the other interests as needed.

(See bill of lading and open cargo policy.)