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OUR (sender pays all charges) In this type of remittance, the sender pays all charges, including those of the sending bank, intermediary banks, and the receiving bank. Therefore, the recipient will receive the full remittance amount without paying any charges.
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SHA (shared charges, sender pays sending bank's charges, and recipient pays receiving bank's charges) In this type of remittance, the sender pays the charges of the sending bank, while the recipient pays the charges of the receiving bank. The charges of intermediary banks will be shared by the sending and receiving banks. Therefore, the recipient will receive the remittance amount after deducting charges.
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BEN (beneficiary pays all charges) In this type of remittance, all charges will be borne by the recipient. The sender only needs to pay the remittance amount, and the charges will be deducted from the remittance amount. Therefore, the recipient will receive the remittance amount after deducting charges.