Common use of Collection and Remittance Clause in Contracts

Collection and Remittance. 7.1 Drafts deposited in your Account shall be accepted as collection items, We maintain the right to debit any Account with any unpaid and non-collected items in addition to our charges, without assuming any responsibility in case of non-collection of such items

Collection and Remittance. 7.1 Drafts deposited in your Account shall be accepted as collection items, We maintain the right to debit any Account with any unpaid and non-non- collected items in addition to our charges, without assuming any responsibility in case of non-collection of such items