Bogdan,
Yes, I agree but anyway, I will be interested to receive an "official" answer to this issue hopefully in the Commentary.
Daniel
17(e)
17(e)
Wonderful discussion & logic trail! Trust this will be addressed in the commentary in a precise manner that leaves no room for doubt and for the creation of 'mythical' discrepancies.
For me, if I want all of those invoices signed, I would explicitly say in the credit "commercial invoice in original and 5 copies, all of which must be signed" or something similar - the less confusion the beter.
ALSO - we should recall the thrust of the UCP600 is to place the responsibility on the issuer to be clear and precise in their documentary requirements - i.e. lack of clarity should be held against the issuer of the credit, not the poor beneficiary or nominated bank.
Happy 2007 to All.
Don Smith
For me, if I want all of those invoices signed, I would explicitly say in the credit "commercial invoice in original and 5 copies, all of which must be signed" or something similar - the less confusion the beter.
ALSO - we should recall the thrust of the UCP600 is to place the responsibility on the issuer to be clear and precise in their documentary requirements - i.e. lack of clarity should be held against the issuer of the credit, not the poor beneficiary or nominated bank.
Happy 2007 to All.
Don Smith