Part 5 Collection of Documentary Drafts

This part is comprised of the following sections:

§8.4-501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
§8.4-502 Presentment of “on arrival” drafts
§8.4-503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
§8.4-504 Privilege of presenting bank to deal with goods; security interest for expenses