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Presentation of Documents Under Export Collection Update

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Munavir
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29 views

Presentation of Documents Under Export Collection Update

Uploaded by

Munavir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Presentation of Documents under Export Collection

To, Commercial Bank of Dubai Date: ____________________________


Trade Services Center
Head Office, Dubai – UAE

Attention: Exports Department


Dear Sirs,

Please receive documents listed herein for presentation on collection basis with the following instructions. Documents are to be
forwarded at our risk and without any engagement on your part.

Collecting Bank: Drawee:

Currency and Amount: Tenor:

Originals Copies
1. Bills of Exchange
2.
Invoices
3. Certificate of origin
4.
Bills of Lading
5.
Packing List
6. Other documents (specify) ______________________________________________________________________________________

Instructions for the collecting bank:


Release documents against
Payment.
Acceptance of the Bill of Exchange by the drawee.
Bank’s Guarantee/ Avalization to pay at maturity.
All bank charges and expenses (including yours) are for the account of the drawee.
All bank charges and expenses (except yours) are for the account of the drawee.
Charges and expenses are not to be waived.
Charges and expenses may be waived, if refused by drawee.
Collect interest from ___________________ until ___________________ / date of payment ___________________ at ______% pa
on 360 days per annum basis.
Interest may / may not be waived if refused by drawee.
Please advance funds with recourse to us in accordance with our arrangement with you. Shortfall due to difference in
exchange if any, at the time of settlement shall be debited to our account.

We authorize you to debit our account no. _______________________________________________ for charges/ expenses.

Upon receipt of proceeds with recovery of interest, charges or expenses if any,

please credit our account no. _______________________________________________ with you.

The above collection is to be handled subject to Uniform Rules for Collections (URC522) 1995 publication of the International
Chamber of Commerce, Paris.

Yours truly,
For (Name of the Company) ________________________________________________________________________________________

Authorised Signatory(ies)

I/We agree to the Terms and Conditions governing Business accounts and be bound by the Bank’s Schedule of Fees and Charges as amended
from time to time and as available on the bank’s website.

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