I have a question about Article 3, the portion about "a document may be signed by handwriting....:. What does may be signed by ...stamp" mean? Must it be a stamped version of a person's signature or could it be a "company stamp" with no persons signature?
Thanks
Article 3 UCP
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HOANGTHIANHTHU_invalid
- Posts: 189
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Article 3 UCP
Hi,
Please refer to ICC Opinion R718 / TA691rev, which says “In terms of article 3, a stamp can act as a form of signature and its use would not in itself be a reason for refusal. However, the context of the use of the stamp is important and, in certain instances, the stamp may not qualify as representing signature of the issuer. If an issuing bank requires a "manually" signed commercial invoice, then that qualification must be inserted into the credit. Otherwise, a stamp may be valid”.
Perhaps, no need for me to add any further comment!
Kind regards,
N.H. Duc
[edited 3/30/2016 3:42:21 PM]
Please refer to ICC Opinion R718 / TA691rev, which says “In terms of article 3, a stamp can act as a form of signature and its use would not in itself be a reason for refusal. However, the context of the use of the stamp is important and, in certain instances, the stamp may not qualify as representing signature of the issuer. If an issuing bank requires a "manually" signed commercial invoice, then that qualification must be inserted into the credit. Otherwise, a stamp may be valid”.
Perhaps, no need for me to add any further comment!
Kind regards,
N.H. Duc
[edited 3/30/2016 3:42:21 PM]