Signing capacity on B/L
Posted: Fri Jun 17, 2011 1:00 am
Scenario 1,
B/L indicates "As agent for the carrier: ABC Co. LTD. and then a stamp showing "For and on behalf of ABC Co. LTD"
Senario 2,
B/L indicates,
"ABC Co. LTD, as agent" and then again showing "ABC Co. LTD, as carrier"
The issue is whether a B/L signed by a party, ABC Co. Ltd. acting both as agent and also as carrier can satisfy the requirements under Article 20 of UCP 600. Whether the issuing bank can refuse the documents based on the sole discrepancy, "B/L showing two different capacity of signing party (as agent and as carrier).
Can I have your comments on it. Is there any ICC opinion in this regard ?
Shahed
Toronto
B/L indicates "As agent for the carrier: ABC Co. LTD. and then a stamp showing "For and on behalf of ABC Co. LTD"
Senario 2,
B/L indicates,
"ABC Co. LTD, as agent" and then again showing "ABC Co. LTD, as carrier"
The issue is whether a B/L signed by a party, ABC Co. Ltd. acting both as agent and also as carrier can satisfy the requirements under Article 20 of UCP 600. Whether the issuing bank can refuse the documents based on the sole discrepancy, "B/L showing two different capacity of signing party (as agent and as carrier).
Can I have your comments on it. Is there any ICC opinion in this regard ?
Shahed
Toronto