Best Trade Solution

Hi

Bank (A) has received documents for collection from Bank (B), the docs has been outstanding for a long time so bank (A) returned the docs to the bank (B) remitting bank by express courier, but the docs has been lost by express courier.
my question : is the bank (A) obliged to pay the docs value to bank (B) remitting bank ?

Regards,
Salem

No bankis not liable to pay

I think bank A have no obligation to pay the Docs, since there is no obligation for both bank, remitting bank and collecting bank, under collection transaction.
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other comment will be appreciated
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regards
Titi

Hi,

I think you are right. There is no responsibility on the banks as per Art. 14, a URC522. Maybe the drawer/bank can claim from the courier service which should be liable.

Cheers,
Dan