Required, honour, dispatched, resulted, received, irrevocable,
release, declared, prepared, handed
Goods should not be
(21) direct to address of a bank or consigned to a bank
without prior agreement on the part of that bank. In the event of goods being
dispatched direct to the address of a bank or consigned to a bank for delivery
to a drawee against payment or acceptance or upon other terms without prior
agreement on the part of that bank, the bank has no obligation to take delivery
of the goods, which remain at the risk and responsibility of the party
dispatching the goods.
In practice, great careis (22)
when goods ale consigned to the bank as large losses have
(23) from incorrect procedures being followed.
Quite often, goods consigned to the bank will arrive by air before the
supporting documents have been (24) . At this stage we will
have little indication of the value of the collection other than the
(25) value of the goods for customs purposes. It is
therefore important that a letter of (26) is only
(27) to the drawee who is undoubted and is (28)
to sign an (29) undertaking to
(30) the documents upon presentation regardless of the terms
of those documents.