Documentary Bills definition
Examples of Documentary Bills in a sentence
The Documentary Bills which were dishonored or were refused to be accepted by the Correspondent Banks, etc.
The Bank may continue to exercise any and all rights on Documentary Bills and export goods until I/we have paid the negotiation amount, damages, fees and expenses incidental thereto.
With respect to the settlement of the Documentary Bills payable at sight, I/we will pay within the period prescribed by the regulations of the Bank after receipt of such Documentary Bills (or debit notices when a debit notice is received earlier than such Documentary Bills), and with respect to the settlement of usance bills, I/we will pay on the maturity date thereof.
Import Documentary Collection (DA/DP) Cut-off Time for receipt of instructions : By 1:00pm on the Day Fulfillment : Documents processed and customers notified of receipt of Inward Documentary Bills for Collection received from remitting banks for presentation to importers/ Drawees.
In cases where the party obligated to pay the Documentary Bills rejects payment or acceptance of or confirmation of the debt under such Documentary Bills, the Bank or the Correspondents may (but are not obligated to) take appropriate actions which the Bank or the Correspondents may deem necessary for the preservation of the Goods as permitted by law, and the Customer shall indemnify the Bank for all damage caused thereby and shall reimburse the Bank for all costs incurred.