LOGISTICS AS IT AFFECTS DOCUMENTARY LETTERS OF CREDIT

so many elements have to fall into perfect balance

Have you ever really stopped to think about how many people are involved in touching your freight and handling your paperwork for everything to go right with your Documents? Let’s take an Ocean Freight Shipment for example, on a Letter of Credit with no Partials, on FOB terms and cargo made in the USA, HS Code provided, and a specified latest shipment date. Simple requirements right? What has to happen for all of the pieces to come together? It takes:

Sales: They must have quoted all of the associated costs, including Banking charges, and all related to the INCOTERMS selected.

Production or Procurement: All of the cargo has to all be ready at the same time.

Origin: All of the cargo or the majority of components built into your final product has to be made in USA.

Finance: The final issued and advised Letter of Credit has to be perfect, with all requirements that you can meet, with the banks you have approved and must be released from Credit Hold.

Export Packing: This has to go according to plan and must be packed with sufficient knowledge to allow this cargo to weather ‘The Perfect Storm” and get to the overseas location in one perfect piece.

Trucking: The trucker hauling the freight or container has to be on time, bring the right truck for the freight its hauling with appropriate tie downs and tarping or must be supplied with any special equipment like spreader bars for loading and unloading. If it’s in a container is the weight over the maximum legal weight? And just because we can handle heavy lifts in the USA, can it be handled at destination

Cranes: At loading special cranes may be required if it is Bulk Cargo, are those in place and are costs considered in the quote and Letter of Credit Value?

Port Terminal Handling: Have they made any notations that cargo has rust, or cracks, bends, breaks, any damage whatsoever and have they notified you prior to loading"?

Hazardous Cargo: Do you have paint or any materials that are considered Hazardous and has this been taken account in the LC?me,

Vessel: Is it on time? Have they accepted the freight without notations?

Freight Forwarders, Export Customs Controls, Licenses, permits, Letter of Credit Document Preparation Companies, Messengers, Couriers, Banks has everyone done everything right?

Here we see only a small window into some pieces of the logistics puzzle that have to go right. At Letter of Credit Solutions.com we are tracking and at times leading this process so everyone who touches your freight has been controlled as much as possible and will not or has not done anything that may jeopardize your payment. These considerations are daily aspects of which we work with you on making sure we are several steps ahead of the game and can foresee problems before they happen and can offer solutions in order to protect your payment.

For a lifelong career of over 30 years as a Project Freight Forwarder and many times working for clients that were in the Forbes Top 100 or 500 Largest Global Companies. This knowledge is invaluable and that is a key element of why no other company compares to Letter of Credit Solutions.com, they are not in the same league. We are capable to so much more than simple Letter of Credit Management.

We have been tasked with Global Projects and goals under stringent Zero Tolerance Logistics errors, and it is no small task. So when we tell you that we can handle your Letter of Credit Management you can trust that we are confident in our experience to deliver proven solid solutions.