A blank endorsement on the B/L specifies that it did not specify a buyer for the goods on the bill of lading. The bill of lading also represents the ownership of the goods, and the goods change hands with the endorsement of the document. Bill of ladings can be blank endorsed by putting a shipper stamp on the reverse side of it. However, Non-negotiable Bills are the exception. Endorsement allows a bill of lading to be transferred to someone else. Bills of lading can be transferred to another company in three ways "To the name of," "To the order of," and To order."