The endorsement of a tangible document issued by a bailee does not make the endorser liable for any default by the bailee or by previous endorsers.
Va. Code Ann. § 8.7-505, under Part 5. Warehouse Receipts and Bills of Lading: Negotiation and Transfer..
Va. Code Ann. § 8.7-505
The endorsement of a tangible document issued by a bailee does not make the endorser liable for any default by the bailee or by previous endorsers.