Draft Bear Clause "Drawn Through Your Bank"

Simple is Beautiful; the only thing came in my mind when thought of documentary collection. And I think more and more people are thinking the same in these days. Documentary Collection offers us far greater security than selling on open account; but not as much as a documentary credit. We should therefore be more cautious before starting selling using this method of payment. Documentary Collection Forum is an effort to help you on this way – admin; besttradesolution.com
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TradeLaporte
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Draft Bear Clause "Drawn Through Your Bank"

Post by TradeLaporte » Wed Mar 16, 2016 7:50 pm

Dear Members
Have you come accross a collection were the draft have a clause "drawn through your bank" how will you handle it or will you request a new draft ? What is the impact of draft with such clause. Please provide your comments and what publication will apply
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