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WHERE C/O HAS NO SIGNATURE BUT A REFERENCE TO A WEBSITE FOR AUTHENTICATION

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QUESTION

Dear Mr. Old Man,

I would be grateful if you could give me advice in this case:

The C/O presented under Import LC is not signed but refer to clause:

“For certifying authority use only

VERIFY URL:HTTP://WWW.CO-CCPIT.ORG

So this clause satisfy the requirement of signature or not?

I look forward to hearing from you soon,

Ha Thu Hang

———–

ANSWER

Dear Hang

I think the c/o is acceptable based on ISBP 745 A35(d), which says “ A statement on a document indicating that authentication may be verified or obtained through a specific reference to a website (URL) constitutes a form of electronic method of authentication in accordance with the signature requirements of UCP 600 article 3. Banks will not access such websites to verify or obtain authentication”.

The statement ““For certifying authority use only VERIFY URL:HTTP://WWW….CCPIT.ORG”,  though not clear enough, should be deemed to satisfy the signature requirements of UCP 600 Article 3.

Kind regards,

Mr. Old Man

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2 Comments

  1. Winny

    March 9, 2017 at 5:02 pm

    Dear Mr. Old Man,
    I have a situation relating to C/O as following:
    L/C field 46A requires that “certificate of origin in 1 copy” , but in 46B requires that “benficiary’s certificate certifying that original certificate of origin issued by chamber commerce in Vietnam have been sent to applicant by courier service within 3 working date after shipment date” and a copy of courier receipt is required for negotiation.
    the document has been sent to issuing bank and issuing bank raise discrepance that “short an original C/O”.

    so, could you help me clarify that in this case whether issuing bank is correct or not?
    I look forward to hearing from you soon.
    thanks so much in advance.

    Regards,

    Reply

    • mroldman

      March 14, 2017 at 10:06 am

      If L/C requires C/O in 1 copy, it is understood that an original c/o is required to be presented.

      Reply

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