Letters of credit preparation

What is a Letter of Credit?

A documentary credit, or more popularly known as a ‘Letter of Credit (L/C)’, is a guarantee issued by a bank assuring payment of goods. The L/C will have strict terms specifying the amount of money to be paid, time frame and documentation required. Studies show 75% of all first time applications are rejected by the bank, resulting in unnecessary charges.

What does our service include?

  • Full management from draft to approval
  • Advice on L/C terms
  • Assurance that all L/C terms are met
  • Preparation of all shipment documents
  • Full visibility of documents online
  • Liaison with freight forwarders, shipping companies, inspection agents etc.
  • Arrangement of cargo insurance
  • Compliance check for third party documents
  • Advice on appropriate Incoterms® 2010
  • Strong relationships with major UK banks
  • Presentation of all documentation to the bank within agreed deadline

Why not call the team to discuss your options on 01202 714804.

International Trade E-Newsletter

  • I would like to receive news bulletins with all the relevant importing and exporting information, listing all our workshops and training that upskill your workforce take on international markets. Please note, at any time you can withdraw consent by unsubscribing or calling us on 01202 714800

  • This field is for validation purposes and should be left unchanged.

Business Partners

Platinum Business Partners