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Docs returned by collecting Bk claiming fees

Posted: Fri Jun 06, 2014 11:12 am
by TradeLaporte
Hi members
What is the liability of the remitting bank for fees claim by the collecting bank after return of unpaid documents . Fees revised by drawer

Your comments appreciated.

Ban k's price list

Posted: Fri Jun 06, 2014 9:33 pm
by picant
Hi Pal,

in Internet it is easy to find the price list that any bank charges to customer included foreign banks.
Principal and remitting bank are liable for such fees, but you may ask collecting bank for reduction.
All is possible, however if the collecting bank disagrees you(and your principal) have to pay.
Other comments appreciated
Ciao