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Lloyds TSB Corporate Markets
LloydsLink online > Online Trade Services > Terms and conditions > Regular Export Collection (UK) 

Terms and conditions for Regular Export Collection

  1. This collection is subject to the Uniform Rules for Collections, International Chamber of Commerce Publication number 522 or any successor publication in force from time to time.

  2. The choice of collecting bank rests with Lloyds TSB Bank plc, unless specific instructions are given on this form to present through a named bank direct, without the intervention of an intermediary.

  3. Unless otherwise instructed, unaccepted term bills will be sent for acceptance and, following acceptance, will be retained by the collecting bank, pending presentation for payment at maturity. Airmail is used wherever possible unless otherwise instructed. Duplicate documents are also sent by airmail. 

  4. Unless expressly provided to the contrary herein in Clause 5, no person other than you and Lloyds TSB Bank plc shall have rights under the Contracts (Rights of Third Parties) Act 1999 to enforce or to enjoy the benefit of these terms and conditions. 

  5. If you are a customer of: 

    -Lloyds TSB Scotland plc 

    -Lloyds TSB Offshore Limited or 

    -Lloyds TSB Private Banking Limited

    you acknowledge and agree that each of the above banks has appointed Lloyds TSB Bank plc as its agent for the purpose of international banking transactions carried out at the request of its customers. Accordingly, if you are a customer of one of these banks, although Lloyds TSB Bank plc will effect the transaction contemplated in these terms and conditions in its own name, you acknowledge and agree that it will do so as agent for your bank and that bank will indemnify Lloyds TSB Bank plc in respect of the transaction. You acknowledge and agree that these terms and conditions are therefore to be read as being between you and your bank and that all references in these terms and conditions to the "Bank", "us", "we", "Lloyds", "Lloyds Bank", "Lloyds TSB", "Lloyds TSB Bank" and "Lloyds TSB Bank plc" shall be construed accordingly to give full effect to this clause. 

  6. Lloyds TSB Bank plc shall not be liable for any loss of profits, business, data or information or for any incidental, indirect, special or consequential damages whether arising from negligence, breach of contract or otherwise, even if informed of the possibility of those losses or damages. Except as otherwise specified herein Lloyds TSB Bank plc shall not be liable for any direct losses arising out of or relating to any of its actions or omissions to act in respect of the transaction contemplated by these terms and conditions, except to the extent that any such losses are caused by Lloyds TSB Bank plc's wilful misconduct, fraud or gross negligence of Lloyds TSB Bank plc.

  7. These terms and conditions shall be governed by English law. You hereby agree for the benefit of Lloyds TSB Bank that the courts of England shall have jurisdiction to settle any disputes that may arise out of or in connection with these terms and conditions. Nothing in this paragraph shall limit the right of Lloyds TSB Bank to bring any legal proceedings with respect to these terms and conditions in any competent jurisdiction.
 

Lloyds TSB Corporate Markets is a trading name of Lloyds TSB Bank plc and Lloyds TSB Scotland plc.
Lloyds TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated by the Financial Services Authority and signatories to the Banking Codes.
FSA authorisation can be checked on the FSA’s Register at: www.fsa.gov.uk/register