🤝 NEGOTIATE
US Capital Private Bank Knowledge Base
📖 What is Negotiate?
To negotiate in the context of a Letter of Credit (L/C) means to take action to verify that the documents presented by the beneficiary (usually the seller) conform to the terms and conditions specified in the L/C. Once verified, the bank proceeds to release funds to the seller.
⚙️ Key Details
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Ensures that all documents comply strictly with the L/C requirements.
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Verification is performed by the negotiating bank (often the advising or confirming bank).
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Once documents are accepted, payment is made to the beneficiary.
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Protects both buyer and seller by ensuring terms are met before payment.
💡 Importance in Trade Finance
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Provides security and trust in international trade transactions.
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Helps avoid disputes by strictly following the L/C terms.
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Facilitates timely payment and smooth transaction flow.
📞 Contact US Capital Private Bank
📧 Email: [email protected]
🌐 Website: https://uscapitalprivatebank.com