Clause 71B - All Bank charges....
Posted: Mon Sep 07, 2009 11:28 am
Hi frendz,
am back again
This time with reference to the clause 71B:
"All Bank charges Outside ABC to the account of Beneficiary"
(ABC is applicant's country)
can be this read in the following manner
"All Bank charges outside XYZ to the account of Applicant"
(XYZ is Beneficiary's country)
I guess it means one and the same, but what about charges if any, charged by negotiating, re-imbursing, issuing or advising bank? who bears them?
Is it like - glass half full for A and half empty for B
am back again
This time with reference to the clause 71B:
"All Bank charges Outside ABC to the account of Beneficiary"
(ABC is applicant's country)
can be this read in the following manner
"All Bank charges outside XYZ to the account of Applicant"
(XYZ is Beneficiary's country)
I guess it means one and the same, but what about charges if any, charged by negotiating, re-imbursing, issuing or advising bank? who bears them?
Is it like - glass half full for A and half empty for B