Payment of Expenses. 1. Absent wilful misconduct or gross negligence on the part of the Bank, the Importer shall pay to the Bank any interest, dis count charges, default interest, fees, postal cost, cable cost and any other costs arising from any of the transactions set forth in Article 1, together with any expenses and losses incurred by the Bank or the Correspondent Banks in connection with the enforcement or protection of its right or acquisition or disposition of any security, immediately upon the Bank’s request with the statement for computation method; provided, however, if the Importer objects to the Bank’s computation method, the Bank shall review such method and and notify the Importer of the results thereof.
Payment of Expenses. 1.The Exporter shall pay, upon the Bank’s request (which shall set forth the calculation basis)and within the period prescribed by the relevant regulations of the Bank, interest, discount charges, fees, postal cost, cable cost, default interest and any other costs arising from any of the transactions set forth in Article 1, together with any expenses and losses incurred by the Bank or the Correspondent Banks in connection with the enforcement or protection of its rights or acquisition or disposition of any security;provided, however, that, if the Exporter objects to the Bank’s computation method, the Bank shall review such method and notify the Exporter of the results thereof.