Answer for Know Your Contract Language!

Thank you for sharing Sherry. This brings up a sub-topic related to contract signatures that has come up…

It is my understanding that a legal signature must be a “human person” not a company. This should be in regards to all parties involved – The Charterer, Broker, Owner, & Stakeholder. Signatures should represent a person, and the “For and on Behalf of” line of CYBA contract would represent the Company.

Question – “Can a company name be on the Signature line of the CYBA charter agreement instead of an actual person / company representative name?”

Feedback and clarification from CYBA and Contracts Committee would be appreciated on the question.