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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umsara
- Posts: 7
- Joined: Sat May 24, 2014 4:20 am
- First Name: naser
- Last Name: hameed
- Organization: a bank
- Filter: Two Plus Two =: 4
- Location: yemen
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by umsara » Sun Jun 01, 2014 9:30 pm
Ithe drawer bank has instructed me (the receiver bank)to return back the set of collection so I return them back as was instructed but I did not claim coureier charges on the bases that They 'll credit my banks account upon their receiving the docs.However drawer refused to pay the charges. My question is the 522 mention any thing about this .
Please advise me.
Replies fm all is welcome
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picant
- Posts: 2026
- Joined: Wed Aug 20, 2008 1:49 pm
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by picant » Sun Jun 01, 2014 10:54 pm
Hi Pal,
IMHO, I think that art 11 c regulates this situation, the party instructng another party will bear the risk for fees and commissions even if in case of no payment.
Other comment appreciated
Ciao
