Additional Information on Letter of Credit:

 A letter of Credit is an official document that is typically issued by the importer’s bank, but is only secure if you, as the exporter, meet all of its strict conditions and deadlines. Worryingly, over 75% of UK exporters who do their own Letter of Credit paperwork experience problems getting paid due to incorrect paperwork.

Export Collection:

What is Export Collection?

Export Collection is payment method frequently used in international trade. This type of transaction is also known as Cash Against Documents (CAD), D/P for payments at sight or D/A – Documents against Acceptance, in simple terms it is where payment is due at a future date.

How we can help.

We are leaders in Export documentation preparation and can take the hassle out of your Letters of Credit for your business. Our team of experienced staff will use their strong relationships with all the major global banks to ensure that you receive payment on time for your exports. We deliver a fully managed, comprehensive service that conforms to Letter of Credit requirements with a view to securing payment for your goods.

We can assist by either creating certain documentation for you, the exporter, or use your own documentation, also obtaining any 3rd party documentation, followed by presenting documentation to your bank on your behalf.

What is Open Account?

An open account transaction is a sale where the goods are shipped and delivered prior to the due date for payment.

We can assist by either creating certain documentation for you, the exporter or use your own documentation, obtaining any 3rd party documentation, followed by dispatch of documents to your client.

All above services include:

Advice on Letter of Credit terms.

Preparation of all shipment documents.

Compliance checks for third-party documents.

Liaison with freight forwarders, shipping companies, inspection agents etc.

Arrangement of cargo insurance.

Services specific to Letters of Credit:

Presentation of all documents to the bank within agreed deadlines.

Work with us and take the risk out of international trade.

Costs:

Costs vary depending on the value (£ equivalent) of the export on your Letter of Credit. Costs for open account and Export Collection are not value dependent. 

To find out more, kindly contact

Jason Gavin

Email: jasongavin44@gmail.com

Telephone/WhatsApp: + 44 7452 390049

Twitter: @JasonGa58390383


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