A negotiable letter of credit offers benefits for exporters in international trade. It expedites payment, allowing exporters to access funds promptly. By presenting a negotiable LC to the issuing bank, exporters bypass delays in payment processes, ensuring prompt receipt of payment for their goods or services. Additionally, negotiable letters of credit enable exporters to provide importers with favorable usance terms. Usance allows importers to defer payment for a specified period. By utilizing negotiable letters of credit, exporters can offer advantageous usance terms, enhancing their competitiveness in the market.