should FCR be signed?

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KBalasubramanian
Posts: 8
Joined: Fri Apr 05, 2019 5:13 pm

should FCR be signed?

Post by KBalasubramanian » Mon Nov 08, 2010 12:00 am

Greetings All!

Kindly clarify if Forwarder's Cargo REceipt need to be signed. It is not a transport document covered by articles 19-25 of UCP 600. It is a document acknowledging receipt of goods & not a "certificate" where signature is mandatory. So in my humble opinion signature is not mandatory in FCR.
Appreciate if you could provide your inputs on this. Thanks/REgards, Karthik
NigelHolt
Posts: 1449
Joined: Fri Apr 05, 2019 5:24 pm

should FCR be signed?

Post by NigelHolt » Tue Nov 09, 2010 12:00 am

Sorry I disagree. It is described -in the credit- as a 'certificate' and therefore must be signed. See para 8 of ISBP681. Furthermore, it is certifying something, namely that the forwarder has received the goods.
HOANGTHIANHTHU_invalid
Posts: 189
Joined: Fri Apr 05, 2019 5:15 pm

should FCR be signed?

Post by HOANGTHIANHTHU_invalid » Tue Nov 09, 2010 12:00 am

IMHO, Forwarder’s Cargo Receipt is a document issued by a forwarder acknowledging/certifying that the cargo has been received into the custody for shipment to a named consignee. It should be treated as a certificate of receipt of cargo, and hence, must be signed as per ISBP para. 37.

Best regards,
Duc N.H
NigelHolt
Posts: 1449
Joined: Fri Apr 05, 2019 5:24 pm

should FCR be signed?

Post by NigelHolt » Tue Nov 09, 2010 12:00 am

A diversion from the original question posed, but for the purposes of sub-Art 14(f) while I agree a FCR is a document issued by a forwarder certifying that the goods have been received, I would not agree that it has to go on to into refer to the goods being in the custody of the forwarder nor that receipt of the goods is for shipment to a named consignee. Of course, if the credit expressly requires this, that is another matter.
HOANGTHIANHTHU_invalid
Posts: 189
Joined: Fri Apr 05, 2019 5:15 pm

should FCR be signed?

Post by HOANGTHIANHTHU_invalid » Tue Nov 09, 2010 12:00 am

Agreed.
Duc N.H
KBalasubramanian
Posts: 8
Joined: Fri Apr 05, 2019 5:13 pm

should FCR be signed?

Post by KBalasubramanian » Tue Nov 09, 2010 12:00 am

Many thanks All for your comments.

Regards/thanks,
Karthik
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