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Negotiating Bank

shipping container at sea
Definition

A Negotiating Bank is a financial institution that acts as an intermediary in international trade transactions. When a letter of credit is involved, the negotiating bank is the bank that examines the documents submitted by the exporter and determines whether they comply with the terms and conditions of the letter of credit.

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Negotiating Bank

Definition

A Negotiating Bank is a financial institution that acts as an intermediary in international trade transactions. When a letter of credit is involved, the negotiating bank is the bank that examines the documents submitted by the exporter and determines whether they comply with the terms and conditions of the letter of credit.

Have a question? Talk to an expert.

Our experts love to answer questions. Fill out the form and someone will contact you soon.

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Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.
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Shipping container at seaShipping container at sea