remitting bank

f. If the remitting bank does not nominate a specific presenting bank, the collecting bank may utilize a presenting bank of its choice.

On receipt of such advice the remitting bank must give appropriate instruction as to the further handling of the documents.

The remitting bank change its position from an agent to a financing party.

If the above are all correct, the remitter can check the details from remitting bank.

The remitting bank be to charge their clients a smwhichle fee to that service.

In such cases, the remitting bank and collecting bank bear no responsibility.

Specific information to be provided to the remitting bank:

Remitting bank charges are collected from Remitter, Beneficiary paysBeneficiary bank charges

The legal and practical position regarding the duties of the remitting bank

And remitting bank, and remitters message to beneficiary, if any

The exporter, who is known as the principal, hands in the following documents to his bank (the remitting bank)

III. "collecting bank" which is any bank, other than the remitting bank, involved in processing the collection;

the 'collecting bank' which is any bank, other than the remitting bank, involved in processing the collection;

In practice, the remitting bank will make the following addition checks before it sends the documents abroad