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Remitting banks and collecting banks charge commission and expenses for handling documentary collections.
Documentary Collections – Commissions and Charges
Unless otherwise instructed, the remitting bank will debit its own commissions and expenses and also those of the collecting bank to the seller. The latter can, however, give instructions that the commissions and expenses be borne by the buyer. Even if the buyer refuses to pay them, the presenting bank is still entitled to release the documents to him unless the collection order expressly states that the documents may not be released until after payment of commissions and expenses.
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