Examples of Remitting Bank in a sentence
No. Txn Date: Remitting Bank: Remitting Bank IFSC Code: Beneficiary Account: Bank of Baroda, Bank Account No. 29040400000417Beneficiary Bank IFSC Code: BARB0BANEASThe details of the transaction viz.
The Subscriber consents to the release by the Remitting Bank from which the subscription was made to the Company and/ or the Administrator or other service provider of all evidence of the Subscriber’s identity which said bank/ financial institution shall have retained.
The Subscriber consents to the release by the Remitting Bank from which the subscription was made to the Company and/or the Administrator or other service provider of all evidence of the Subscriber’s identity which said bank / financial institution shall have retained.
It depends upon the rate of vibration of the air molecules which transmit the sound and is measure as the number of cycles per second or Hertz (Hz).
Documents against acceptance (D/A) – Remitting Bank hands over documents to the importer only upon acceptance of accompanying draft.
Collection - the Bank’s obligation specified by the terms and conditions of the Agreement to ensure directly and/or through the Remitting Bank: (a) delivery of the Collection Order to the Remittee; (b) issue a Commercial Document to the Remittee against the payment or/and performance of other terms and conditions by the Remittee and (c) transfer of the Collection Amount or Document (if any) from the Remittee to the Customer.
Collection Remitting Bank - a Collecting Bank and/or Presenting Bank.
The Customer is entitled to terminate the Agreement before expiration of the Collection term and before submission of the Collection by the Bank to the Remittee or to the Collection Remitting Bank provided that the Customer has no outstanding obligations before the Bank under the Agreement.
In the event the Client requests the Bank to undertake the Collections for its import transactions under the Documentary Collections route or the Remitting Bank of the Client’s exporter present the documents for collection under URC 522, then the Bank will only accept the transaction or agree to provide Trade Service on the irrevocable understanding that a.
Client agrees and confirms that the Bank shall not have any duty or obligation to check or review the documents so received from the Seller’s bank i.e. Remitting Bank as to whether they meet the requirements and standards stipulated under the collection documents or not; or required to give or view or opinion in that regard.