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C 559 foreign documentary bill for collection

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Tapas Ghosh

This document is a foreign documentary bill for collection. It instructs a bank to collect payment on a draft that is drawn on another party. The bank is provided instructions on presenting the draft through correspondents, delivering documents against payment or acceptance, remitting proceeds, covering collection charges, forwarding documents, collecting interest, and crediting proceeds to an account. The drawer agrees to be bound by uniform rules for collection.

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FOREIGN DOCUMENTARY BILL FOR COLLECTION To The Federal Bank Ltd., Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Branch I / We enclose our Draft drawn on . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . and documents as listed below, which please accept for COLLECTION. Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . at . . . . . . . . . . . . on . . . . . . . . . . . . . . . Please present through . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (if the space above is not completed, your correspondent may be used) Documents as specified hereunder are attached to the Draft. Draft Comm. Invoice Bill of Lading Packing List Cons. Invoice Cert. Of Origin Insp. Cert. Insu. Policy Weight Note Other Documents 1st set 2nd set Covering Per S. S. Port of shipment Please follow the instructions prefixed by letter "X" (wherever alternatives are given, one MUST be deleted) Deliver Documents against PAYMENT Deliver Documents against ACCEPTANCE Proceeds to be remitted by / Cable / SWIFT All Collection charges / expenses are for the account of the drawer / drawee Forward original documents by Surface Mail / Air Mail / Courier Insurance is covered by Drawer / Drawee Collect interest @ . . . . . . % from drawee from......... Waive charges / expenses if refused by the Drawee I have already booked a Forward Exchange Contract with you for . . . . . . . . . . . . . on . . . . . . . @ . . . . . . . . against this bill. Proceeds to be credited to my / our account with your . . . . . . . . . . . . . . . . Branch. Special instructions, if any . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I / WE UNDERSTAND THAT ALL DOCUMENTS ARE TAKEN BY THE BANK FOR COLLECTION SUBJECT TO UNIFORM RULES FOR COLLECTION (ICC NO.522), AND AGREE TO BE BOUND BY THE SAME.
C.559 Customer's Signature

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C 559 foreign documentary bill for collection

  • 1. FOREIGN DOCUMENTARY BILL FOR COLLECTION To The Federal Bank Ltd., Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Branch I / We enclose our Draft drawn on . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . and documents as listed below, which please accept for COLLECTION. Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . at . . . . . . . . . . . . on . . . . . . . . . . . . . . . Please present through . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (if the space above is not completed, your correspondent may be used) Documents as specified hereunder are attached to the Draft. Draft Comm. Invoice Bill of Lading Packing List Cons. Invoice Cert. Of Origin Insp. Cert. Insu. Policy Weight Note Other Documents 1st set 2nd set Covering Per S. S. Port of shipment Please follow the instructions prefixed by letter "X" (wherever alternatives are given, one MUST be deleted) Deliver Documents against PAYMENT Deliver Documents against ACCEPTANCE Proceeds to be remitted by / Cable / SWIFT All Collection charges / expenses are for the account of the drawer / drawee Forward original documents by Surface Mail / Air Mail / Courier Insurance is covered by Drawer / Drawee Collect interest @ . . . . . . % from drawee from......... Waive charges / expenses if refused by the Drawee I have already booked a Forward Exchange Contract with you for . . . . . . . . . . . . . on . . . . . . . @ . . . . . . . . against this bill. Proceeds to be credited to my / our account with your . . . . . . . . . . . . . . . . Branch. Special instructions, if any . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I / WE UNDERSTAND THAT ALL DOCUMENTS ARE TAKEN BY THE BANK FOR COLLECTION SUBJECT TO UNIFORM RULES FOR COLLECTION (ICC NO.522), AND AGREE TO BE BOUND BY THE SAME.