At NIB we negotiate your export bills drawn under the Letter of credit, if the documents are found to be strictly in terms with LC conditions and without any discrepancy.
Alternatively, we negotiate under reserve, by cabling the LC to LC issuing bank for authorization to negotiate despite the discrepancies, and also send the documents to the LC issuing bank for approval and payment.
All these facilities come to you at competitive rates and unmatchable turnaround time
Concentrating your Documentary Collection activities with Commercial Banking, you can eliminate many of your exporting hassles.
Not only will your international banking become much more uniform, you can experience fewer delays in receiving payment, effortlessly access collection information details, gain increased control over export receivables and efficient cash flow management.