Case of need Application ---customer in-case-of need gent nominated by a principal, to whom the collecting bank may refer in specified circumstances concerning collections 经贸学国贸系 王学高C
经贸学院国贸系 王学惠 © Case of need Application ---customer in-case-of need Agent nominated by a principal, to whom the collecting bank may refer in specified circumstances concerning collections
Collection order In a collection the document in which the seller instructs the banks as to how the collection is to be conducted 经贸学国贸系 王学高C
经贸学院国贸系 王学惠 © Collection order In a collection, the document in which the seller instructs the banks as to how the collection is to be conducted
The remitting bank( Exporters Bank/Payee of the Collection Bank in the sellers country that participates in a collection. It is a bank which acts as an intermediary forwarding the remitter's documents to and get payments from the collecting bank 经贸学国贸系 王学高C
经贸学院国贸系 王学惠 © The remitting bank(Exporter’s Bank/Payee of the Collection Bill) Bank in the seller’s country that participates in a collection. It is a bank which acts as an intermediary, forwarding the remitter’s documents to, and get payments from the collecting bank
Collecting bank/presenting bank Bank in the buyer's country that participates in a collection May also be the Presenting bank or may pass documents on to the Presenting bank for presenting to the buyer 经贸学国贸系 王学高C
经贸学院国贸系 王学惠 © Collecting bank /presenting bank Bank in the buyer's country that participates in a collection. May also be the Presenting bank or may pass documents on to the Presenting bank for presenting to the buyer
Drawee/payer Party on whom a bill is drawn and the one to whom presentation is to be made according to the collection order 经贸学国贸系 王学高C
经贸学院国贸系 王学惠 © Drawee/payer Party on whom a bill is drawn and the one to whom presentation is to be made according to the collection order