783

1.3 A COLLECTION ORDER IS NOT ACKNOWLEDGED

Here is a letter sent by Banca Commerciale Italiana to the collecting bank Vnesheconombank

BANCA COMMERCIALE ITALIANA

16 Via di Pietra Papa 00146 Roma Italy

28 January 20__

VNESHECONOMBANK

Russia, Moscow Bahrushina, 23/5

Dear Sirs,

We would advise you that we cannot trace the receipt from you of any acknowledgment for the above mentioned collection, dispatched by airmail on 15 January 20__.

Please confirm that the documents have been presented for payment and acceptance, advising when the relevant proceeds may be expected in Milan. Should the bills remain dishonoured, please advise us immediately giving drawee’s reason for refusal.

If unpaid or unaccepted please confirm that protest action has been taken in accordance with our original instructions.

Yours faithfully,

A.Soliratty

A.Soliratty

Banca Commerciale Italiana

784

1.4 RETURNING THE ACCEPTED DRAFTS

Vnesheconombank (a collecting bank) sends a letter to Banca Commerciale Italiana (a remitting

one)

VNESHECONOMBANK

Russia, Moscow Bahrushina, 23/5

31 January 20__

BANCA COMMERCIALE ITALIANA

16 Via di Pietra Papa

00146 Roma Italy

Dear Sirs,

Hereby we advise you of payment of USD 50,000.00 by Novoimport, Moscow. The proceeds have been credited to the account designated by you with our charges retained.

In accordance with your instructions we are returning the accepted drafts totalling USD 450,000.00 accepted by Novoimport, Moscow, together with our guarantee for

USD 450,000.00.

Please find enclosed a statement certifying the authenticity of acceptance signature and powers of acceptors.

Yours faithfully,

L.Petrov

L.Petrov

Vnesheconombank