Insurance Document Has Counter Signature Date

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RAKESHCH
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Insurance Document Has Counter Signature Date

Post by RAKESHCH » Mon Mar 16, 2015 8:13 pm

BL states onboard date as 15Mar the presented insurance bears an issuance date being 15Mar and a counter signatory date (this documents is not valid unless countersigned by XYZ) being 17Mar. Would it be a discrepancy that insurance is dated after shipment considering ISBP para which states latest date of signing would be considered as shipment date or clean document?

sandeep_mt
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Insurance counter signature

Post by sandeep_mt » Tue Mar 17, 2015 2:31 am

A countersignature can be done by the issuer, the assured or a named entity but the insurance document must appear to be issued by an insurance company ,an under write or their agents or their proxies.

Countersignature means ''Add a signature to a document already signed '' so its clear that counter signature is the second signature and isbp or ucp doesn't define first or second signatures in such case the issuance date 15Mar and if the document is signed by the insurance company ,an under write or their agents or their proxies 15 MAR be considered to comply with article 28e.

felix
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Insurance

Post by felix » Thu Mar 19, 2015 12:11 pm

Hi

IMHO the issuance date should be used. ISBP K 11 clearly states that only in the absence of issuance date on the insurance countersignature date is to be used.

Regards

thutrang9591
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what date is effective date

Post by thutrang9591 » Sun Mar 22, 2015 3:17 pm

I think you should check what date is effective date. If it is state that this insurance will come to effect on date of countersign, then it is discrepant.

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