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Home Tag Archives: Documentary collection

Tag Archives: Documentary collection

WHERE GOODS ARE CONSIGNED TO THE ORDER OF THE COLLECTING BANK

By Mr Old Man
January 23, 2024
in :  Mr Old Man, Payment, Q&A
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QUESTION Dear Mr. Old Man, We are the importer’s bank. We are encountering a situation related to a documentary collection transaction as follows: We received from the remitting bank a set of D/P documents including original bills of lading consigned to the order of our bank. We notified the importer of the same. However, the importer refused to take up …

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