The bank to which the principal party to a transaction has entrusted the operation of collection. A remitting bank remits/sends the Bill and/or documents for payment to the importer's bank. The remitting bank is usually the exporter's bank and is situated in the exporter's country.
The bank to which the principal party to a transaction has entrusted the operation of collection. A remitting bank remits/sends the Bill and/or documents for payment to the importer's bank. The remitting bank is usually the exporter's bank and is situated in the exporter's country.