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International Trade

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.

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