Sunshine Trading (ST) imports goods from Botswana into Malaysia on a collection basis. Documents are accompanied by drafts drawn at 60 days sight D/A. Problems have arisen in the past due to the following reasons: i) Collection Orders do not indicate whether the documents are to be released against payment (D/P), or against acceptance (D/A). ii) ST accepts bills of exchange, examines the goods but offers partial payment for the accepted bills of exchange. iii) ST refuses to pay the bank charges claimed by the remitting bank in their collection order. (a) You have just landed a job in the trade finance department of a bank, and have been requested by the manager to arrange a meeting to discuss the problems with ST, explaining the bank's position, as provided for under the Uniform Rules for Collection, URC 522 . What will your explanation be, with reference to the three problems mentioned above? (b) You are also required to explain to ST the following: i. "60 days sight D/A" ii. The significance of the statement "subject to Uniform Rules for Collection, URC 522" in the collection. Sunshine Trading (ST) imports goods from Botswana into Malaysia on a collection basis. Documents are accompanied by drafts drawn at 60 days sight D/A. Problems have arisen in the past due to the following reasons: i) Collection Orders do not indicate whether the documents are to be released against payment (D/P), or against acceptance (D/A). ii) ST accepts bills of exchange, examines the goods but offers partial payment for the accepted bills of exchange. iii) ST refuses to pay the bank charges claimed by the remitting bank in their collection order. (a) You have just landed a job in the trade finance department of a bank, and have been requested by the manager to arrange a meeting to discuss the problems with ST, explaining the bank's position, as provided for under the Uniform Rules for Collection, URC 522 . What will your explanation be, with reference to the three problems mentioned above? (b) You are also required to explain to ST the following: i. "60 days sight D/A" ii. The significance of the statement "subject to Uniform Rules for Collection, URC 522" in the collection