The bank may credit the customer with amounts paid by third parties. All instruments such as cheques, drafts, bills of exchange and other negotiable instruments or commercial documents, tendered for collection and credit to the Customer’s account are accepted by the Bank subject to the following express terms and conditions:

Instruments not payable at the Bank are accepted by the Bank only for transmission on behalf of the Customer, at the Customer’s entire risk and responsibility.

Where the instruments are forwarded by the Bank by post or through courier services, to other banks or to any correspondent, or agent or sub-agent of the Bank, the Post Office and the courier, as also the bank or correspondent, agent or sub-agent of the Bank will be deemed to the Customer’s own “agent for collection”, even though couriers. Bankcorrespondents, agents or sub-agents are of the Bank’s choice. The Bank will not accept any responsibility, and shall not be held liable, for any delay, mutilation or loss of any of the Customer’s instruments, arising from or occasioned by transmission by post or through a courier, nor shall the Bank be responsible or held liable for any act, neglect, default, failure or insolvency of any bank, correspondent, agent or sub agent aforesaid and or their employees and for any loss or damages ‘suffered by the Customer or by any other party as a result thereof.