Are you paid by Letter of Credit for your exports?
Do you employ qualified and experienced staff who are confident when working with Letters of Credit?
There is an unfounded fear of Letters of Credit which means that many companies are possibly losing business as they are not willing to agree to these terms of payment. Our Letter of Credit Service can help alleviate that fear.
Norfolk Chamber, through our associates in Bristol, provides a comprehensive and cost-effective Letter of Credit Service. The team in Bristol have built up an excellent reputation over the past 15 years with all the banks involved with Letters of Credit.
National figures show that when documents are submitted to the Bank by exporters, on their first presentation, 80% are rejected. When they make their second attempt, 50% are still rejected.
Although this is a new offering from us, the service itself has been ongoing for 15 years and to date, has a record of 98% acceptance on first presentation and 100% on the second attempt.
We deliver a professional service whereby your Letter of Credit is passed to our associates who will then:
• Check the conditions in the L/C to ensure you can meet them
• Inform you of any amendments that you need to obtain
• Prepare all the relevant documents
• Speak with the Shipping Agent
• Check the Bills of Lading
• Present all the documents to the bank