Article 14

Disclaimer on delays. loss in transit and translation

a.    Banks assume no liability or responsibility for the consequences arising out of delay and/or loss in transit of any message(s), letter(s) or document(s), or for delay, mutilation or other error(s) arising in transmission of any telecommunication or for error(s) in translation and or interpretation of technical terms.

b.    Banks will not be aliable or responsible for any delays resulting from the need to obtain clarification of any instructions received.