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Sea freight - OOCL Vessel alongside at night
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SAVINGS
Various surveys carried out by banks have consistently shown that over half of all documents presented to banks under Letters of Credit are discrepant on first presentation. Discrepant documents always represent a cost to the exporter in terms of delayed payment, re-work, potential cost associated with correction of documents and unnecessary extra bank charges, as well as causing a risk of non-payment.
CORRECT PRESENTATION
We can review your Letters of Credit for workability and help to ensure that your documents are presented in order first time, every time. For importers, we can assist with the structuring of Letters of Credit to ensure that they meet the needs of both you and your supplier.
BANK LLIASON
We will undertake presentation of your documents to banks for payment / acceptance under Letters of Credit or Documentary Collections and will act as your agent in corresponding with the bank from the time of presentation until final payment. We may also be able to provide referrals to banks who may be able to assist with your trade finance needs.
CONSULTANCY
Specialist training for your staff in effectively processing Letters of Credit transactions. Process reviews and practical advice on specific issues arising in your trade business. Advice on individual transactions and trade finance issues.
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