What is the definition of "negotiation" and the undertaking of the issuing bank under negotiation credit?

"Negotiation" means the ______ by the nominated bank of draft and/or documents under a complying presentation by ______ funds to the beneficiary. The undertaking of the issuing bank under negotiation credit is that upon it ascertaining that documents complies with the terms and conditions of credit, it will ______ in accordance with the instructions of the negotiating bank.

时间:2023-03-26 16:22:00

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