Home Uncategorized CORRECTION AUTHENTICATION

CORRECTION AUTHENTICATION

2 min read
0
0
2,206

Camera 360

QUESTION

Dear Mr. Old Man,

I would like to hear your explanation of paragraph A7(a)(ii), which says “…Such authentication is to indicate the name of the entity authenticating the correction either by use of a stamp incorporating its name, or by the addition of the name of the authenticating entity accompanied by its signature or initials”.

I wonder whether only a stamp incorporating the name of the authenticating entity is OK or whether in addition to the stamp incorporating its name, the authenticating entity must write its name and sign or initial.

Thank you in advance.

Best regards,

Mr. Old Man

————-

ANSWER

Hi,

The correlative conjunction “either … or” is used to offer a choice between two options. So, paragraph A7(a)(ii) allows the correction authenticating entity to choose one of the two options of authentication as follows:

1) to indicate its name by using a stamp incorporating its name.

OR

2) to indicate its name by writing its name accompanied its signature or initials.

It should also be acceptable if the authenticating entity uses both options of authentication in paragraph A7(a)(ii).

Kind regards,

Mr. Old Man

Load More Related Articles
Load More By Mr Old Man
Load More In Uncategorized

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

INVOICE NOT CERTIFYING WHAT HAS NOT BEEN SHIPPED

QUESTION Dear Sir, LC allows both AIR and SEA shipment. Amount: USD 100,000 Shipment by AI…