Common use of Shoprite Clause in Contracts

Shoprite. Money Transfers will deliver all purchased currency in regard to any Trades by electronic transfer to the designated onward account or other available pay out method specified by the client to Shoprite Money Transfers. If Shoprite Money Transfers is not in receipt of satisfactory onward payment instructions from the client, or those instructions cannot be complied with for any reason, then Shoprite Money Transfers shall accept no responsibility and shall have no liability in respect of any delay or failure of such payment, save for the earliest reimbursement to the client of any sums due and owing. Any bank or other third-party charges accruing for such transfers are the absolute responsibility of the client and monies may be remitted net of such charges. You should make your own enquiries as to such charges and Shoprite Money Transfers accepts no liability for shortfalls arising there from. We will deduct from any monies held on your behalf the equivalent sum charged to Shoprite Money Transfers for such transfers, whether related to the current or previous Trades.