Disclaimer on Transmission and Translation
& U6 {7 J8 P; P3 ?7 f) u A bank assumes no liability or responsibility for the consequences arising out of delay, loss in transit, mutilation or other errors arising in the transmission of any messages or delivery of letters or documents, when such messages, letters or documents are transmitted or sent according to the requirements stated in the credit, or when the bank may have taken the initiative in the choice of the delivery service in the absence of such instructions in the credit.
% F# H1 [$ c& T* W9 {) O If a nominated bank determines that a presentation is complying and forwards the documents to the issuing bank or confirming bank, whether or not the nominated bank has honoured or negotiated, an issuing bank or confirming bank must honour or negotiate, or reimburse that nominated bank, even when the documents have been lost in transit between the nominated bank and the issuing bank or confirming bank, or between the confirming bank and the issuing bank. " t; p+ L1 i8 `$ o P
A bank assumes no liability or responsibility for errors in translation or interpretation of technical terms and may transmit credit terms without translating them. |