Letters of Credit

Letters of Credit (L/C’s) have a multi-function in the business world. They can be used for purchase of goods (Documentary Letter of Credit) or as collateral or a guarantee (Stand-by Letter of Credit).

Some companies do not have dedicated staff to process L/C’s, especially if the volume is small. This results in time lost and delays in shipment and/or receipt of payment. Banks offer little help as they expect you to know how to process L/C’s.

The solution? We become your “Import/Export Department”!

We work with you to process L/C’s effectively:

Issuing L/C’s (You are the Applicant)
* Preparing applications.
* Determine payment terms.
* Co-ordination with freight forwarder and suppliers.

Receiving L/C’s (You are the Beneficiary)
* Negotiating with the bank.
* Processing paperwork.
* Co-ordination with freight forwarder and suppliers.


Additional benefits:
* We can assist you, the Beneficiary, with accelerating payment of usance L/C’s.
* We can offer you, the Applicant, with creative funding for issuing L/C’s.


For more details, please contact us.

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