After reinstalling Aperture, due to the call back from Apple, for replacing the hard disk I've got a lot of problems with the program.
The latest is that I can't find anymore the box " Show Watermark" when exporting photo's. Is it placed somewhere else?
Is your Aperture version 3.4.3? For me the "Show Watermark" option is still there, when I export versions. Or are you trying to export originals? These cannot be watermarked.
The "Show Watermark" option is available in the Export menu, when you edit the export preset you are using.
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