The drawer, an endorser or a guarantor may, by the clause “return without charge”, “without protest” or any other equivalent clause inscribed on the bill of exchange and signed, exempt the bearer from having a protest drawn up in order to exercise his remedies, in the absence of acceptance or in the absence of payment.
This clause does not exempt the bearer from presenting the bill of exchange within the prescribed time limits or from the notices to be given.
The burden of proof of failure to observe the time limits lies with the person who relies on it against the bearer.
If the clause is entered by the drawer, it has effect in respect of all signatories; if it is entered by an endorser or guarantor, it has effect only in respect of the latter. If, notwithstanding the clause entered by the drawer, the bearer has the protest drawn up, the costs thereof remain at his expense. When the clause emanates from an endorser, or a guarantor, the costs of the protest, if one is drawn up, may be recovered against all the signatories.