ABDUL’S QUERYNegotiation credits Hi, I need to know what a negotiation credit is and what the bank's obligations are relating to such a credit. Also, what are the consequences for a bank which fails to act according to the required standards? ———————MR. OLD MAN’S COMMENTNegotiation L/C and Banks' Obligations Dear Abdul, Negotiation means the purchase by the nominated bank of …