Export Negotiation means the trade financing as described below: the bank purchases the draft and/or documents under a letter of credit by paying the corporate customer upon its application an amount equal to a proportion of the draft or documents amount under LC prior to the banking date when customer is entitled to receive reimbursement from the issuing bank or its nominated bank. Nonetheless the bank will reserve the rights of recourse and is entitled to claim back from customer the principal, interest of the advance payment and related expenses. 

Export Documents Financing means trade financing as described below: the bank provides the corporate customer upon its application a short-term loan in an amount equal to a specific proportion of the draft or discrepant documents amount under the LC, and the amount collected in respect of the export documents under such LC shall be applied first to pay back the principal, interest and relevant expenses of the loan.