1. The proposer should attach to the application form the evidence for premium payment. (For example, fund transfer slip or deposit slip).
2. For premium payment, please select “OUR” for the item “Details of Charges” (71A), or request the remitting bank to issue two telegrams (MT103 and MT202) for the remittance so that the premium amount can be credited “in full” to the Bank’s designated foreign currency account.
3. When making a premium payment, the proposer (remitter) shall be responsible for the relevant remittance fees charged by the remitting bank and the intermediate bank(s). The Company shall absorb the inward remittance fees charged by the beneficiary bank.
4. The fees charged by remitting banks may differ by bank and country. Before making the fund transfer, please contact the relevant bank for details.