How will Pay the Foreign Bank Charges II Import Payment Transaction Process II 71A Our ,Ben and Sha

How will Pay the Foreign Bank Charges II 71A Details of Charges Our, Ben, Sha
Here are explanations of what each option means:
OUR - The transfer fees are expected to be paid before you initiate the transfer. This means the transfer amount is expected to be delivered in full to the beneficiary. Selecting this option safeguards you against short payments made to your institution.
BEN - The transfer fees are expected to be covered by the beneficiary of the funds. This means that any fees will be deducted from the amount you are transferring. As a result, the money will reach Flywire’s account short which will in turn result in a short payment made to your institution.
SHA - The transfer fees are expected to be shared. This means, some of the charges are expected to be paid before the transfer is made and some are expected to be deducted from the amount you are transferring before they reach the beneficiary. As a result, the money will reach Flywire’s account short which will in turn result in a short payment made to your institution.
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