Mr Old Man Q&A COPIES OF DOCUMENTS NEED NOT BE SIGNED By Mr Old Man Posted on January 2, 2019 1 min read 0 0 3,598 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr Goat Bike? QUESTION Dear Mr. Old Man, Field 46A: Signed commercial invoice in 3 originals and 3 copies. Field 47A: All documents must be manually signed. I want to know whether copies of invoice must be signed manually. Thank you in advance for your advice. Best regards, T.H —- ANSWER Hi, My quick answer is NO. According to ISBP 745 A31 (b), copies of documents need not be signed or dated. So, copies of the invoice in question need not be signed. If the issuing bank intends to require all documents including copies to be manually signed, such requirement must be expressly stated in the LC as follows “All documents including copies must be manually signed” or similar wording. Kind regards, Mr. Old Man
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?