Letter of Credit Services
With Access to Export managing your Letters of Credit, you can boost your export sales, access more export markets, reduce bank charges and improve your cash flow.
The problems that companies often face with Letters of Credit
Is your company considering receiving or making payment by a Letter of Credit (also known as a Documentary Credit) but doesn’t know where to start? Is your company already involved in Letter of Credit transactions but are having difficulties with the complexities of the terms and conditions, or suffering from documents being discrepant? If you’re completely new to irrevocable Letters of Credit (often abbreviated to just L/C), please have a look at our ‘Beginner’s Guide to Letters of Credit’ article which offers you a basic introduction.
The fact is more than 70% of documents presented for payment under irrevocable Letters of Credit are found to be discrepant. Therefore, exporters avoid using them but are then denied the opportunity to trade in markets where this method of payment is commonly used or in some cases, is mandatory.
Our knowledge and experience
We at Access to Export have experienced first-hand the complexities and pitfalls, from the initial setup with the banks, right through to receiving the final payment. Through our collective wealth of experience gained from over 30 years of managing and producing documentation for thousands of Letters of Credit, we have developed the ability to ensure the L/C process runs smoothly.
We can offer tailor-made services from advice right through to full management and document production, depending on the specific needs of our clients and what is required to make the L/C process as easy and efficient as possible for them. Ultimately, we are here to make sure our clients get paid for the products and services they provide.
Access to Export can manage the whole process for you from producing opening instructions and checking drafts to ensure L/Cs are workable before being issued by the purchaser’s bank, through to compliant document production, liaising with freight forwarders to arrange shipments, collating and presenting documents to the negotiating bank, following up regarding final payment and everything in between.
How much we charge and what you get in return
Our fees are bespoke as every L/C is different and the value of the L/C does not necessarily reflect the work involved. Full Letter of Credit management services from Access to Export cost from as little as £350+VAT (excl. applicable bank fees) and can deliver the following benefits;
- Access to new export markets
- Increased turnover and profit
- Faster payment and improved cash flow
- Reduced Bank charges
- Elimination of payment risk
- More time to concentrate on your core business activities
Don’t just take our word for it
As shown on our testimonials page, we have been continuing to provide comprehensive Letter of Credit services to our satisfied clients for many years. Our confidence and experience in L/C management mean we also make a guarantee to prepare and submit compliant documents for payment.
“Carl Zeiss has been using the services of Access to Export for more than four years on a regular basis. They have always listened to our requirements and responded in a way that is appropriate for our needs. We have found their service to be one of the highest quality and we can say they are an excellent company to work with.”
Get in touch
If you would like to discuss your requirements with us, please use the enquiry form on this page and we’ll get in touch with you. Alternatively, please feel free to call us on the numbers at the top of this page and we’d be happy to talk through the ways in which we can help you and your business and get your L/C order moving forward. You can also find some FAQ’s in the mentioned ‘Beginner’s Guide to Letters of Credit’ article.
So, if your small or medium-size business needs help in handling a Letter of Credit order, we are ready to get it moving in the right direction towards a successful conclusion and getting that all-important payment received! We look forward to hearing from you.