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URC 522 1 B and C

Posted: Tue Oct 01, 2013 4:49 pm
Can a collecting bank accept to handle the documents but at the same time refuse to protest the bill in case of non payment or acceptance according to URC 522 1 B and C despite remitting bank instruction.

Re: URC 522 1 B and C

Posted: Sun Dec 03, 2017 5:18 pm
by veyilmuthu1988

Yes, they can refuse to follow protest instruction and the same has to be communicated to Remitting bank without any delay