Is MT412 Enough For Collecting Bank To Aval On Collection?
Posted: Wed May 29, 2013 10:46 am
Dear all Experts
I've the question related to aval collection as below:
1. In the remittance letter with the instruction of aval and the collecting bank send MT412 to remitting bank without stated any instruction agree to aval. Could we consider MT412 is enough for collecting bank aval on the collection?
2. If the collecting bank agree to aval on the collection, Must the bill of exchange stamp accept by drawee and collecting bank or stamp the aval ?
.
Your comments is highly appreciated.
I've the question related to aval collection as below:
1. In the remittance letter with the instruction of aval and the collecting bank send MT412 to remitting bank without stated any instruction agree to aval. Could we consider MT412 is enough for collecting bank aval on the collection?
2. If the collecting bank agree to aval on the collection, Must the bill of exchange stamp accept by drawee and collecting bank or stamp the aval ?
.
Your comments is highly appreciated.