Kindly forward documents to collecting bank name and address as below (Name, address, SWIFT code of collecting bank. Account, contact and fax number, email address of buyer if available)
Please incorporate the following instructions to collecting bank
1. This collection document is subject to URC 522
2. Deliver documents against payments/acceptance
3. All bank charges of collecting bank are on account of drawee. Charges may not be waived.
4. Interest for late payment to be collected from drawee @ (12% pa to be calculated at 360 days) from date of presentation till date of payment. Interest may not be waived.
5. Reimbursement charges are on account of drawee. Charges may not be waived.
6. Advice non–payment/non-acceptance by SWIFT within 10 days from the date of presenting to drawee with the reason.
7. In case of non–payment/non –acceptance arrange for storage and insurance of goods. The charges for the same will be collected from the drawee. In case of ultimate non–payment/non –acceptance, the same will be on account of principal.
Please acknowledge receipt
Thanking You
Yours faithfully,
For (name of exporter’s company)
(Seal and authorized signature)