in accordance with the provisions of article 16 C B of ucp 600, if we give notice of refusal of documents presented under this credit we shall however retain the right to accept a waiver of discrepancies form the applicant and, subject to such waiver being acceptable to us, to release documents against that waiver without reference to the presenter provided that no written instructions to the contrary have been received by us form the presenter before the release of the documents. and such release prior to receipt of contrary instructions shall not constituted a failure on our part to hold the documents at the presenter's risk and disposal, and we will have no liability to the presenter in respect of any such release.
on receipt of documents by us conforming to the terms of this documentary credit, we undertake to reimburse you in the currency of this documentary credit in accordance with your instructions. negotiating bank's discount and/or interest if any prior to reimbursement by us are for account of beneficiary. at the time of settlement USD60.00 or equivalent will be deducted being our swift charges for remittance of proceeds and same will apply for each related swift send by us.
whilst we prefer to receive documents without any discrepancy, you may at your discretion and rist accept and forward such documents for the approval of ourselves and applicant. however, USD150. (or equivalent) being discrepancy fee and any other related charges consequent to such discrepancy (ies) plus USD55 (or equivalent) per swift msg for our advice of refusal and any other related swift MSG, must be deducted form the reimbursement claim for each such document under this documentary credit. notwithstanding any instructions to the contrary, all charges specified above shall be for account of the beneficiary.