Letter of credit

Trade Finance Transaction Management Services

We are able to provide a full range of Trade finance transaction management services and if required, a totally integrated trade transaction back office. This is particularly attractive for small companies that cannot justify staffing their own in-house office.

With this service, we can manage the full Trade finance transaction import/export process on your behalf including preparation of all necessary documentation, arranging transportation, collection of payment, import/export compliance with direct contact with your customers. You simply tell us when the order is ready to ship and we will take it from there. When fully integrated, this can operate as though it is a part of your company, therefore enhancing customer perception and service. This is a very cost-effective option particularly for occasional exporters and ensures your shipments are handled by experienced and qualified staff throughout the whole trade process.

Letter of Credit Services

With us managing your Letters of Credit, you can boost your import/export sales, access more commodities trade markets, reduce bank charges and improve your cash flow.

What is a Letter of Credit?

Also commonly known as a Documentary Credit, a Letter of Credit (L/C) is a secure way of you, the seller, being paid by your customers. In short, it is a guarantee of payment given by a bank or corporate entity that says if you satisfy the terms, conditions and documentary requirements set out in the Letter of Credit, you will be paid the agreed amount.

Statistically though, over 70% of documents presented for payment against a Letter of Credit are found to be discrepant. This often results in delayed payments and can affect cash flow. This is because Letters of Credit can be complex and it’s essential that anyone managing an L/C shipment or producing any L/C documentation is knowledgeable in the rules and processes.

How we can help your business?

We work closely with entity that have gained vast experience in managing L/C’s and producing accurate and compliant documentation on behalf of our clients.

We believe companies like yours shouldn’t shy away from using Letters of Credit. As long as they are set up and managed properly from the outset, the benefits far outweigh any drawbacks. Accepting L/C payments can result in new import/export opportunities for your business, such as markets where this type of payment is common or sometimes mandatory.

Our attention to detail and confidence in handling L/C transactions means we make a guarantee to produce and present compliant documentary presentations on your behalf. This gives you the reassurance that payment will be received as quickly and efficiently as possible.

Our L/C services are tailored to meet your needs. We offer bespoke options from offering document checking up to a full and comprehensive L/C management service. We can offer whichever service benefits your business and eases the burden on you and your staff.

What our Letter of Credit management service includes :

Ensuring the terms of the Letter of Credit are workable prior to it being issued, thus avoiding the need for time consuming and expensive amendments

The benefits:

Access to new commodities markets
Increased turnover and profit
Faster payment and improved cash flow
Reduced Bank charges
Elimination of payment risk
More time to concentrate on your core business activities