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.