When drafts are negotiated without recourse, the beneficiary is relieved of responsibility to the holder of the draft to the extent permissible under the contract involved and under the law governing the transaction
adi Consult, Freight Forwarding, Logistics & Transport Industry Terms, Dsseldorf, Nordrhein-Westfalen, 2015 Germany. http://www.adiconsult.com/IndustryTerms.asp, (Log - Brit) {1029}