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´ó·¢ÁùºÏ²ÊƱ Launches New Letter of Credit Service

Date: 14/07/2020
Author: Amy Swindells
Company: ´ó·¢ÁùºÏ²ÊƱ Trade Team

The ´ó·¢ÁùºÏ²ÊƱ Trade Team have recently expanded our service offering to help companies trading internationally with letters of credit. WeÌýnow offer three levels of service as outlined below.ÌýÌý

InitialÌýLetter of CreditÌýor Draft CheckÌýÌý

Initial L/C check where our checker will advise on any areas of concern andÌýany comments on the initial letter of credit.ÌýÌý

Document CheckÌý

Pre-check of your documents before you officially send them to the bank for payment and provide written comments and suggestions as appropriate.Ìý

Letter of Credit Full ServiceÌýÌý

  1. Work through the initial draftÌýletter of creditÌýand point out workability issues. Provide suggestions for amendments.Ìý
  1. When shipment takes place:Ìý
  • Produce documentation such as invoices, packing lists and beneficiary certificates, apply for certificate of origin as required based on information providedÌý
  • Liaise with 3rd parties e.g. freight forwarders and insurance brokers to ensure correct documents such as bills of lading, AWBs and insurance certificates are produced toÌýl/cÌýterms.Ìý
  • Collate all documents and present them to the bank in a timely mannerÌý

Prices start from £50+VAT for members and theÌýfull-serviceÌýcost will depend on the complexity of the letter of creditÌýÌý

If you would like anymore information about any of the above, please emailÌýexportbritain@gmchamber.co.uk.ÌýÌý

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