
            <p>
          </p><ul>

<li style="line-height:1.50;"><font class="ws12" face="Calibri" color="#FFFFFF">This field specifies the name of the bank which has been authorised by the Sender to reimburse drawings under the documentary credit. This may be a branch of the Sender or the Receiver, or an entirely different bank.</font></li>
<li style="line-height:1.50;"><font class="ws12" face="Calibri" color="#FFFFFF">According to current letter of credit rules if a credit states that reimbursement is to be obtained by a nominated bank ("claiming bank") claiming on another party ("</font><font class="ws12" face="Calibri" color="#FFFFFF"><b><u>reimbursing bank</u></b></font><font class="ws12" face="Calibri" color="#FFFFFF">"), the credit must state whether the reimbursement is subject to the&nbsp;</font><font class="ws12" face="Calibri"><a href="#" title="" class="turuncu">ICC rules for bank-to- bank reimbursements</a></font><font class="ws12" face="Calibri" color="#FFFFFF">&nbsp;in effect on the date of issuance of the credit or not.&nbsp;</font></li>
<li style="line-height:1.50;"><font class="ws12" face="Calibri" color="#FFFFFF">According to current letter of credit rules a reimbursing bank's charges are for the account of the issuing bank. However, if the charges are for the account of the beneficiary, it is the responsibility of an issuing bank to so indicate in the credit and in the reimbursement authorization. If a reimbursing bank's charges are for the account of the beneficiary, they shall be deducted from the amount due to a claiming bank when reimbursement is made. If no reimbursement is made, the reimbursing bank's charges remain the obligation of the issuing bank.</font></li>

</ul>


        <p></p>
        <h3>Sample Field 53a: Reimbursing Bank</h3>
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