What is a Bills (Under LC) Negotiation?

Provide multiple types of funds to customers in the area of ​​trade financing by providing the beneficiary product that suits import and export its own business. Namely: Import / support Secretariat - financing, a type of short-term import loans that provide the buyer with the necessary funding to get the goods imported by letter of credit under which the bank gets the ownership of goods guaranteed. Under the support Secretariat, the Bank maintains that title to goods but also lets the buyer get the goods they sell them to the Secretariat before the payment of the bank in the history of the Secretariat support entitlement. Import / support the secretariat of the loan account opened - is to provide the down payment in the provision of supplier invoices and proof of shipping only. Discount on bonds drawn under the letter of credit issued by First Bank - is a discount on the bonds under the documentary credit without reference to the beneficiaries. Funding for pre-shipment / load credit - a financing tool to manage cash liquidity in order to obtain raw materials, processing, packaging, storage and shipment of goods, and other aspects of the documentary credit against the export or purchase certain request. Billing / accounts receivable financing - borrowing to meet bills are highlighted by the buyer mechanism, discount and are often supported the evidence and shipping documents. Discount for export - collection borrow bonds for funding in exchange for documents that are taken by the buyers for specific maturity agreed mechanism. Secured bonds - Discount type of funding is provided to the source to get the money before maturity without reference to him. Discount bonds under documentary adoption for export - the type of loans are offered to the beneficiary of the withdrawals to meet working capital needs that may arise after the date of shipment of goods to achieve revenue under the letter of credit for export. This can be done by reference or without recourse to the borrower.

I do not know

 

We hope to benefit

Thank you for your invitation.

 

Apologies but I do not have any knowledge on this topic.

I would say bills of Lading covered by letter of credit in negotiation for accepting the shipment.  

Export L/C Negotiation is a kind of short-term export finance.

The term export bill negotiation arises when the shipments under Letter of credit basis

Once after completion of necessary export procedures and formalities the exporter prepares necessary documents to send to his overseas buyer to take delivery of cargo. This documents includes Commercial invoice, Packing list, certificate of origin, Bill of lading or Airway bill, bill of exchange, quality certificate, and other documents specifically mentioned by the buyer at the time of placing purchase order. If the shipment is under LC terms, exporter has to pay top most attention while preparing documents in order to meet all necessary requirements under the terms of Letter of credit.

I AGREE WITH MR BASSAM ANSWER 

 The process whereby the bank examines the documents and claims proceeds and

the willingness to give value, i.e. advance or discount the transaction to and on behalf of the seller, is

known as Export Negotiation. 

Agree with Mr. Alex

Agree with Unni....