Export Letters of Credit
Create, present and manage all documentation required for an Export Letter of Credit.
Letters of Credit provide a valuable way to reduce risk, but they have strict and complex document requirements and are highly susceptible to errors. An estimated 70% of all Letters of Credit submitted to banks for payment are initially rejected due to incorrectly issued documentation. This rejection can lead to payment delays, additional fees, and even nonpayment of the drawing.
TradeBeam offers both on-demand software for managing the documentation lifecycle of Export Letters of Credit, as well as a managed service for Export Letter of Credit document preparation, submission and tracking.
Do business with “Letter Perfect” Letters of Credit
Avoid delays in conducting your transaction.
Overcome the Challenges of Export Letters of Credit
- Minimize staff time spent meeting strict and complex documentary requirements
- Reduce discrepancies due to inconsistent document preparation
- Reduce high error rates due to multiple parties needing to produce documentation
- Reduce fees for issuing and confirming Letters of Credit
- Avoid many associated secondary and penalty fees
- Avoid courier expenses and delays in receiving Letters of Credit from advising banks
