Should a drawer or agent send original shipping documents using how many mailings to a remitting bank for draft collection?

The correct answer highlights that sending original shipping documents to a remitting bank for draft collection is typically done in two mailings. This practice is crucial for a couple of reasons:

Firstly, sending the documents in two separate mailings ensures that if one set is lost or delayed in transit, the other might still arrive on time to facilitate the collection process. This redundancy helps mitigate risks associated with international shipping and potential delays.

Secondly, using two mailings can comply with certain banking practices where the bank may require the original documents to be sent separately for verification purposes. This adds a layer of security, making it less likely for fraudulent activities to occur, as it restricts easy access to all pertinent documents at once.

The other options do not align with the established practice commonly followed in international trade and banking. One mailing may seem efficient, but it does not consider potential risks associated with the loss of documents. Three mailings could unnecessarily complicate the process and increase costs. While "it varies by bank" reflects some variability in practices, the standard is typically two mailings, which is a recognized norm among most banking institutions involved in draft collection processes.