Best Trade Solution

Dear All,

Case Study : Two different bill of exchange
1) Drawer draws the bill of exchange on drawee and indicates pay to the order bank
2) Drawer draws the bill of exchange on drawee and indicates pay to the order of drawer

Could you please explain the difference between the two and the benefit of using the second bill of exchange when sending the documents on collection.

Hi Pal,

I think that in the first case the bank become the owner of the bill, in the second just an endorser and may put the sentence"value for collection only" and will not resposable in case of unpaid item.
Other comments appreciated
Ciao

Hi Picant
I agree with your comments. On a DP is it necessary for draft to be endorse by remitting bank?