Paragraph 37

International Standard Banking Practice
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PhanThanhNhan
Posts: 102
Joined: Fri Apr 05, 2019 5:23 pm

Paragraph 37

Post by PhanThanhNhan » Fri Jan 22, 2010 12:00 am

Pls help me with my confusion.
According to ISBP Art.37 :"Even if not stated in the credit, drafts, certificates and declarations *by their nature* require a signature.
Transport documents and insurance documents must be signed in accordance with the provisions of UCP 600. "
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I wonder if all Cert must be signed? (For example: Ben's Cert, Phytosanitary Cert, Fumigation Cert...) In my opinion, I think only Insurance Cert, Cert of origin and Transport Docs need to be signed. Others only need to be signed when credit clearly stipulated.
Am I right? And how should the words 'by their nature' be understood in this case?
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Thanks for your advice.
NigelHolt
Posts: 1449
Joined: Fri Apr 05, 2019 5:24 pm

Paragraph 37

Post by NigelHolt » Fri Jan 22, 2010 12:00 am

Sorry PTN but my personal opinion is thay you are completely wrong. My belief is that paragraph 37 is framed on the assumption (with which I agree) that a documents that is not signed cannot, by definition, be a ‘certificate’ or a ‘declaration’.
HOANGTHIANHTHU_invalid
Posts: 189
Joined: Fri Apr 05, 2019 5:15 pm

Paragraph 37

Post by HOANGTHIANHTHU_invalid » Fri Jan 22, 2010 12:00 am

I agree with Jeremy.
Regards,
N.H.Duc
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