Drawee bank's discount or interest charges and acceptance commission are for the applicant and therefore the beneficiary is to receive value for term draft as if drawn at sight.

付款行的贴现利息及承兑佣金由开证申请人支付，因此受益人的远期汇票将收到如即期汇票的金额。

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Recourse to the beneficiary in a negotiation; can the beneficiary and nominated bank agree to effect negotiation for a value less than 100 per cent of the drawing amount?

议付后对受益人的追索权；受益人和指定银行可以商定议付的金额少于100%的支款金额吗？

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