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How many days after presentation of documents under a Documentary Credit do I have to wait until the negotiating bank pays?

April 26, 2017Bank credit days Documentary documents Negotiating pays presentation wait

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How many days after presentation of documents under a Documentary Credit do I have to wait until the negotiating bank pays?

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The pre-requisite is that documents are Documentary Credit compliant. Payment will be effected in accordance with the Documentary Credit instructions on condition that SEB has added its confirmation. In case a Documentary Credit is unconfirmed the negotiating bank will pay upon its receipt of funds.