signed commercial invoice

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
jabra
Posts: 62
Joined: Sat Dec 06, 2008 5:39 pm

signed commercial invoice

Post by jabra » Wed Jan 21, 2009 7:57 pm

dear sir,

we are here having a debate. if a credit calls for a signed commercial invoice and the presented on shows a signature without any stamp or mark or any clue of who is signing it, will it comply? some of us do think that the some sort of mark proving ,that it is from the beneficiary, is required.

cristiand969
Posts: 754
Joined: Tue Aug 05, 2008 1:52 pm
First Name: Cristian
Last Name: D.
Organization: Bank
Filter: Two Plus Two =: 4
Location: RO

can you attach the invoice here?

Post by cristiand969 » Wed Jan 21, 2009 8:43 pm

ISBP may be useful in this situation, particularly art.40. However, as long as you decided that such invoice comply otherwise (i.e issued by beneficiary) it is a common sense that signature on that invoice (meaning certifying the statements on the invoice) is made by beneficiary. However it is a pure theoretical point of view. Practice shows that some invoices (particularly domestic ones) have been COUNTERSIGNED by the applicant (recognizing his obligation/debt under that invoice). So, it is difficult to give a correct answer without seeing the document in question.

Post Reply