Letters of credit are a bank guarantee for payment for goods, however you need to adhere to the rules and get the paperwork right!
Did you know that approximately 75% of all Letters of Credit are presented with discrepancies?
When this happens the bank guarantee becomes invalid and you are then reliant on the goodwill of the Buyer to pay for those goods. This ultimately means you are giving them an open account and leaving your cash flow hanging in the balance with the risk of non-payment.
So to alleviate these issues why not outsource to us? Let’s look at the 10 key reasons why outsourcing should be considered :
See what our existing customers are saying.
Are you aware of the changes to the Border Operating Model for 2022 ?
From January 1st 2022 full Customs…