Common use of Conditions governing Funds Transfers Clause in Contracts

Conditions governing Funds Transfers. 21.1) The Customer agrees and understands that in the absence of specific instructions, all charges/commissions outside the UAE are for the Beneficiary’s account. The Beneficiary may be unable to obtain full value under a demand draft/ Funds Transfer on account of exchange or other restrictions applicable in the country of payment or to the paying bank or charges and fees of the paying bank.

Conditions governing Funds Transfers. 21.1) The Customer agrees and understands that in the absence of specific specific instructions, all charges/commissions outside the UAE are for the BeneficiaryBeneficiary’s account. The Beneficiary Beneficiary may be unable to obtain full value under a demand draft/ Funds Transfer on account of exchange or other restrictions applicable in the country of payment or to the paying bank or charges and fees of the paying bank.

Conditions governing Funds Transfers. 21.1) 1.1 The Customer agrees and understands that in the absence of specific instructions, all charges/commissions outside the UAE are for the Beneficiary’s account. The Beneficiary may be unable to obtain full value under a demand draft/ Funds Transfer on account of exchange or other restrictions applicable in the country of payment or to the paying bank or charges and fees of the paying bank.