What we do
Exporting goods under a letter of credit agreement is a good way to ensure payment if your documents are in order. But with over 70% of first presentations failing, it is crucially important to ensure that every document is compliant and delivered on time. Letter of Credit Services Ltd take on the responsibility of presenting compliant documents to the bank on your behalf, allowing you to focus your efforts elsewhere.
For each letter of credit contract we create a personalised report, which acts as an activities list specific to your contract. Your activity report includes key deadlines including shipment, invoicing and payment dates. The report is updated regularly and shared with you as a live document.
Our checking methods are rigorous and are an amalgam of several tried and tested methods that ensure documents are submitted to your bank on time and in order. Our single aim is to ensure you get paid.
Benefits for you
By allowing us to take care of the document compilation and submission you are free to focus on the other areas of business that matter to you. Below are just some of the key benefits to using Letter of Credit Services Ltd for your bank presentations:
- Saves you money.
- Ensures you get paid.
- Reduces your resource requirements.
- Allows you to focus on the next job.
- Cuts through the red tape associated with getting paid.
- Regular reporting give you the information you need, when you need it.
- Lessens the stress of juggling documents from different sources.