DOCUMENTARY LETTER OF CREDIT DOCUMENT PREPARATION

the documents are everything

Smile it could be worse. Your Letter of Credit can’t be that bad and we’ve seen them all! From a fun little excerpt in the LC that stated: ‘Even upon presentation of compliant documents we will only make payment when we have determined we have the funds to do so.” to Letters of Credit that are requesting documents no one has ever heard of, much less agreed upon and ergo, the comedy continues.

That’s why we have to put on that smile and just enjoy this business of creating legal compliant documents. Remember we have to create documents that satisfy:

• The Purchase Order and the Importers Terms and Conditions

• The Sales Acknowledgement and the Exporters Terms and Conditions

• The Export Regulations

• The Exporter’s Internal Requirements

• The Letter of Credit

• The governing UCP

• The governing ISBP

• The Advising Banks Policy and Interpretations

• The Confirming Banks Policy and Interpretations

• The Issuing Banks Policy and Interpretation

• The Import Regulations according to the LC

With all of that prevalent in our mind, we have no doubt that we can review a Letter of Credit and let you know what obstacles you may face and whether we can create compliant documents for the LC as is. Potentially your Letter of Credit may need an Amendment to make it functional or practical, but we are certainly well equipped for the task at hand.

85% of Companies who present documents are Discrepant on their first try. Consistently we are the 15% of companies who get it right the first time. That’s why our best references, hand in hand with our clients, are Banks. We make their job easier too.

We understand that with this experience, comes responsibility. We stand by our work and commit to our zero tolerance goal of Zero Discrepancies. Discrepancies cost you money and even if documents are corrected- bank fees are taken directly out of your proceeds. We would not be keeping our responsibility to you if we stood by and let that happen.

While our standards are high and we have quality control procedures in place to avoid any discrepancy, we understand that there will be times that the bank may spot an item that simply did not make the grade. Our promise to all of our clients is that if any document we create is found to be discrepant, we will immediately correct the problem, resubmit on a priority basis and directly cover any bank discrepancy fee the advising or confirming bank may charge up to $175.00 and allow you to receive your proceeds in full. You will never have to pay for any oversight on documents we issue.

Give us the opportunity and you will learn to love the ease and reliability of working with Letter of Credit Solutions.com.