ICC Digital Library Forum

We should send to a collecting bank a documentary collection enclosing only a promissory-note which would be delivered to the customer against his presentation of some shipping documents, including copy of invoice and B/L.
Has someone any experience in this speciality ?
Thanks in advance
Roland

Sorry, no.

I don't either, but would be very wary of receiving such a "collection". Under what rules would it follow ? What kind of B/L, inv. etc. should be received ? Would the correspondant be responsible for checking "conformity" and against what would it be checked?

Sorry can't be of more help.
Judith

Dear Roland,
First, if you have to send only a promissory note (without commercial documents) is a clean collection (from your mssg I understand you have to send only a promissory note).
Second,by one hand URC522 art.2
clearly states that a collections also means the handling by banks of docs in order to deliver docs on other terms and conditions than against payment and/or acceptance.You might enclose your case within other terms and conditions based on you may send a document under a collection.
By the other hand you have URC522's art 9.
Regards,
Bogdan

Thanks to all for your feedback