Correct Signatory in Bill of Lading

(T. O. International Trade Seminars)

Correct Signatories to Match UCP 500 Art. 23/24 Requirements

Bill of Lading or Sea Waybill issued by the CARRIER


Heading : ABC SHIPPING CO., LTD.




Signatory : For and on behalf of
ABC SHIPPING CO., LTD. (as the) Carrier


--------------------------------------------------------------
Authorised Signature

Correct Signatories to Match UCP500 Art. 23/24 Requirements

Bill of Lading or Sea Waybill issued by the MASTER


Vessel Name : M.V. "Sea Goddess"




Heading :
either
ABC SHIPPING CO., LTD.
[(as the) Carrier]




Signatory :
or
For and on behalf of
[ABC SHIPPING CO., LTD. (as the) Carrier]


--------------------------------------------------------------
Master (Mariner of M.V. "Sea Goddess")

Note:
Under the requirements of UCP500 Article 23(a)(i), 24(a)(i), 25(a)(i) and 26 (a)(i), there is no need to show the name of the Master as this is not practical.

Correct Signatories to Match UCP500 Art. 23/24 Requirements

Bill of Lading or Sea Waybill issued by an AGENT of Carrier (Principal) with LIMITED AUTHORITY

The Agent is only authorised by the Carrier (the Principal), to enter into Contracts of Carriage with Third Parties (the Shippers) according to the terms and conditions of the CARRIER (the Principal) and in the name of the CARRIER (the Principal).


Heading : ABC SHIPPING CO., LTD.




Signatory : For and on behalf of
XYZ CO., LTD. (as the) Agent for
ABC SHIPPING CO., LTD. (as the) Carrier


--------------------------------------------------------------
Authorised Signature

Correct Signatories to Match UCP500 Art. 23/24 Requirements

Bill of Lading or Sea Waybill issued by an AGENT of Carrier (Principal) with FULL AUTHORITY

The Agent is authorised by the Carrier (the Principal) to enter into Contracts of Carriage with third parties (the Shippers) according to the terms and conditions of the AGENT and in the name of the AGENT.


Heading : XYZ CO., LTD.




Signatory : For and on behalf of
XYZ CO., LTD. (as the) Agent for
ABC SHIPPING CO., LTD. (as the) Carrier


--------------------------------------------------------------
Authorised Signature

Note:
This example is given on academic reason as in practice this is a very rare situation and the risks are too great for the Principal.

Correct Signatories to Match UCP500 Art. 26 Requirements

Multimodal Transport Document issued by the
MULTIMODAL TRANSPORT OPERATOR (MTO)


Heading : MTO CO., LTD.




Signatory : For and on behalf of
MTO CO., LTD.
(as the) Multimodal Transport Operator


--------------------------------------------------------------
Authorised Signature

Note:
The MTO is automatically a Carrier and hence it is not necessary to expressly state his identity as a Carrier in the Bills of Lading.


And more ...

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