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          </p><ul>


<li style="line-height:1.50;"><font class="ws12" face="Calibri" color="#FFFFFF">This field specifies instructions to the paying, accepting or negotiating bank. It may also indicate if pre-notification of a reimbursement claim or pre-debit notification to the issuing bank is required.</font></li>
<li style="line-height:1.50;"><font class="ws12" face="Calibri" color="#FFFFFF">According to current letter of credit rules a bank utilizing the services of another bank for the purpose of giving effect to the instructions of the applicant does so&nbsp;</font><font class="ws12" face="Calibri" color="#FFFFFF"><b><u>for the account and at the risk of the applicant</u></b></font><font class="ws12" face="Calibri" color="#FFFFFF">.</font></li>
<li style="line-height:1.50;"><font class="ws12" face="Calibri" color="#FFFFFF">According to current letter of credit rules an&nbsp;</font><font class="ws12" face="Calibri" color="#FFFFFF"><b><u>issuing bank or advising bank assumes no liability or responsibility</u></b></font><font class="ws12" face="Calibri" color="#FFFFFF">&nbsp;should the instructions it transmits to another bank not be carried out, even if it has taken the initiative in the choice of that other bank.</font></li>
<li style="line-height:1.50;"><font class="ws12" face="Calibri" color="#FFFFFF">According to current letter of credit rules&nbsp;</font><font class="ws12" face="Calibri" color="#FFFFFF"><b><u>a bank instructing another bank</u></b></font><font class="ws12" face="Calibri" color="#FFFFFF">&nbsp;to perform services&nbsp;</font><font class="ws12" face="Calibri" color="#FFFFFF"><b><u>is liable for any commissions, fees, costs or expenses</u></b></font><font class="ws12" face="Calibri" color="#FFFFFF">&nbsp;("charges") incurred by that bank in connection with its instructions. If a credit states that charges are for the account of the beneficiary and charges cannot be collected or deducted from proceeds, the issuing bank remains liable for payment of charges.</font></li>

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        <p></p>
        <h3>Sample Field 78: Instructions to the Paying/Accepting/Negotiating Bank</h3>
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