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what is differance between Buy payment and Buy negotiation in L/C(AT SIGHT L/C)?

what is differance between Buy payment and Buy negotiation in L/C(AT SIGHT L/C)?

Asked by: 291 days ago - 1 Answers - 890 views

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    Buy payment : means when the shipper & the buyer makes a lc with some terms / conditions at an fixed unit price for some quantity & to submit the documents under ( L/C AT SIGHT )

    Buy negotiation in L/C(AT SIGHT L/C): WHEN THE CARGO REACHES THE BUYERS NOMINATED PLACE & IF THE SELLER FAILED TO GIVE ANY OF THE SPECIFICATIONS MENTIONED IN L/C THEN THE BUYER MAY GO FOR ” BUY NEGOTIATION ” & IF THE BUYER GETS THE EXACT QUANTITY , QUALITY, ETC AS PER THE L/C THEN HE MAY REQUEST THE SELLER TO GIVE SOME DISCOUNTS, WHICH MEANS ALSO BUY NEGOTIATION.

    Answer by PRASAD 281 days ago


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