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In case this remittance is not paid, the drawer’s liability will be conditioned upon surrender of duly endorsed original and duplicates and limited to refunding to the holder the equivalent of the face amount by (A) payment is United States dollars at the drawer’s buying rate in New York at the time of such surrender and refund, for the foreign money in which drawn, or at the drawer’s option by the forwarding, by mail otherwise to the drawee or other banking house abroad with which it may then have or establish a sufficient credit in such foreign money instructions to withhold therefore an amount equivalent to the face hereof for the account and risk of the holder hereof; and the drawer shall not be otherwise liable hereon or for the consideration received here for. References to the foreign money in which this check is drawn shall mean such foreign money, or other foreign money into which it may then be convertible impressed with restrictions and other characteristics which shall or would have attached to an unearmarked credit balance of the drawer’s remaining with the drawee or such other banking house from the date hereof to the time of settlement. Such refund shall be reduced by any loss resulting from failure immediately to forward and promptly present this check ( whether or not presentment would otherwise be dispensed with or delay excused ) and refund may be withheld pending determination of such loss. |
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bank agrees to send at the expense and risk of th customer a message
directing payment if foreign funds in the amount and manner indicated.
The Bank does not warrant that the transfer of funds will reach
the payee. It may make use of any branch, or correspondent, agent
to subagent and shall not be under any liability for any errors,
Negligence, suspension or default of any of them or for any failure
to identify the payee or any mis-payment by any of them, nor shall
the bank be under any liability for any errors, mutilation, delays,
mis-delivery or failure of delivery in the transmission of any message
in connection with this transaction whether or not in code or whether
by mail, postal service, telegraph, cable, wireless, radio or otherwise,
or for any suspension of any such means of transmission or for any
imposition of any censorship, exchange control or other contraction,
all such risks being borne by the customer.
In case of transfer of currency other than the currency of the country to which remittance is made, it shall be payable to the payee in currency of said country at the buying rate of the bank’s branch or correspondent for exchange of the currency remitted unless the payee arranges with said correspondent for payment in some other form upon paying all charges in connection therewith. In case the funds are not paid to the payee, wherever the reason, any liability of the bank will be conditioned upon its receipt from the branch or correspondent at confirmation of effective cancellation of the remittance abroad |
and shall be limited to refunding the amount to be remitted, less expenses, which refund, in the case of transaction relating to the remission of foreign money, shall be made by (a) payment in United states dollars at the Bank’s buying rate in New York, at the time of such refund, for the foreign money to remitted or at the Bank’s option by (b) forwarding by mail or otherwise to the bank’s branch or correspondent or to other banking houses abroad with which it may than have or establish a sufficient credit in such foregien money instruction to withhold there from an amount equivalent to the amount to be remitted for the account and risk of the person to whom refund is to be made, and the Bank shall not be otherwise liable in connection herewith or for the consideration received by it. References to the foreign money to be remitted shall mean such foreign money or other foreign money in to which it may then be convertible impressed with restrictions and other characteristics which shall or would have attached to an under marked credit balance of the bank remaining with its correspondent of such other banking house from the date hereof to the time of settlement. Any thing hearing for to the to the contrary not with standing any refund shall be made in case of mis-payment of funds by any correspondent agent or sub-agent and in case funds for the payment of this transfer have been remitted or made available abroad or otherwise covered, no refund shall be made until the relative funds have been returned or otherwise made freely available to the Bank. |
| Note:
Information regarding payment of the remittance is not available
at this office. We will assist remitters in enquiring about the
remittance by air mail. If cable enquiry is requested, a charge
of $10.00 will be levied to defray costs.
Note: Non-Resident (External) Account is maintained by a bank in India and not by us. Enquiries relating to this Account may please be made with the bank concerned in India direct and not with us. |
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