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port Credit Operation Examination of documents ? Examining a draft ? Examining the mercial invoice ? Examining the transport documents ? Examining the insurance documents ? Most mon discrepancies in examination of documents Export Credit Operation Accepting/Paying/Negotiating ? Negotiation It means the giving of value for the draft(s) and/or document(s) by the bank authorized to negotiate. ? Payment As soon as the beneficiary submits the plying documents, the advising bank can effect the payment to the beneficiary and send the documents to the issuing bank or nominated reimbursing bank for reimbursement. ? Acceptance Export Credit Operation Claim ? Claim for reimbursement The correspondent bank forwards the documents to the issuing bank and requests reimbursement, either immediately or at a later date depending on the terms of reimbursement. ? Payment refused by the issuing bank If the issuing bank considers that the documents presented appear on their face not to be in pliance with the terms and conditions of the credit, it must inform the bank sending the documents of the refusal of payment.