In consideration of your having purchased/discounted our documentary bill / draft, we hereby undertake to hold you free and harmless from all losses or damages
howsoever caused to you in consequence of non-acceptance and / or non-payment and / or late payment of every draft discounted or purchased and we further undertake to refund
to you the foreign currency amount of the draft immediately upon your receipt of notice of non-acceptance and / or non-payment and we hereby authorize you to charge our
account with the Baht equivalent of the draft at the prevailing Bank's selling rate for the foreign currency amount of the draft together with interest at your maximum default rate
for the time being chargeable by you to your customer commencing from the maturity date of the relevant bill / draft up until all indebtedness thereunder shall have been paid in
full plus all other costs of expenses thereof.
When making payment for us, please credit our account No... ……..…………………………………………………….........opened with you after deducing
our liability under packing credit loan No… ……...………………..…………………...(if any) with forward contract No. ………………………………………..
This collection is subject to Uniform Rules For Collection (1995 Revision) International Chamber of Commerce Publication NO.52