READ the given mini case and answer ALL questions that follow.

Agrees Par Les Ralph Lauren (Ralph Lauren), is an international distributor of branded parfumes based in Paris, France. It engages UNZA Malaysia Sdn Bhd (UNZA), a parfume manufacturing and distributing company operating in Shah Alam, Malaysia to be one of its suppliers for the Asean markets. Under the agreement between them, UNZA is to direct all billings to Ralph Lauren in Paris for all the supplies sent to selected parfume sales outfits in the Asean countries. Upon settlement of the bills, a copy of the document of title to the goods is sent to the respective sales outfits, particularly in Jakarta, Manila, Bangkok and Bandar Seri Begawan. Both Ralph Lauren and UNZA agree to engage their respective banks collection services for the settlement of the trade transactions among them. The main banker for Ralph Lauren is Societe Generale (SocGen) Bank in Paris while for UNZA, the main banker is a branch of Cina India Melayu Benggali Bank (CIMB) in Shah Alam. SocGens main correspondent agent in Malaysia is Really Hungry Bank (RHB) Kuala Lumpur while CIMBs main correspondent agent in France is Banque Paribas in Paris. Under URC 522, there are several major parties in a collection process such as the principal, collecting bank, remitting bank, presenting bank, drawer and drawee.

You are required:

1. Identify the following parties in a collection process with the organizations mentioned above.

- Principal

- Drawee

- Presenting Bank

- Remitting Bank

- Collecting Bank

- Drawer

- Buyer

- Payee

- Acceptor

- Seller

2. To describe the above scenario by illustrating stages in documentary collection process (assuming collection under documents against payment, D/P)