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How can the buyer be prevailed upon to pay the commissions and charges of the presenting bank?

April 26, 2017Bank buyer Charges commissions pay presenting prevailed

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How can the buyer be prevailed upon to pay the commissions and charges of the presenting bank?

1 Answer

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By instructing the presenting bank to surrender the documents only against payment of its commissions and charges. This condition is, however, only effective if the buyer can only gain possession of the goods provided he has the documents.