Letters of Credit

Letters of Credit are a secure method of obtaining payment

That said, they are abused and widely misunderstood.

They are avoided by many, used incorrectly by others and cost businesses a lot of money because Finance directors don’t understand them. Employees make them a ‘black art’ which they aren’t. They are governed by rules and the ability to pay is removed from the buyer and sits with the bank.

At Exporter Services, we understand the costs and the implications of the errors so we take the problem away. We prepare and present documentation in line with the Letter of Credit leaving you free to move on to the next shipment. The funds will appear in the beneficiaries bank account in accordance with L/C payment terms.

Problem solved!

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