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Letter of Credit Negotiation
If
documents are found to be discrepant, it may be possible to
negotiate them. This depends on a number of factors and will
be at the discretion of your Relationship Manager. Alternatives
to negotiating them include cabling the Letter of Credit issuing
bank for authorisation to negotiate despite the listed discrepancies,
and sending the documents to the issuing bank for approval
and payment.
 For Exporters |
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