Letters of Credit
Helping you secure payment for your exports
How can we help?
What is a Letter of Credit?
A Letter of Credit is a financial guarantee issued by the importer’s bank, ensuring payment to the exporter—provided that all specified conditions and deadlines are met. However, navigating these strict requirements can be complex. In fact, over 75% of UK exporters who handle their own Letter of Credit paperwork encounter errors that delay or prevent payment.
How can we help?
With extensive expertise in export documentation, we simplify the Letter of Credit process for your business. Our experienced team works closely with major global banks to ensure your paperwork is accurate and that you receive payment on time. We offer a fully managed service that aligns with Letter of Credit requirements, helping secure payment for your goods with minimal hassle.
Export Collection
What is Export Collection?
Export Collection is a common international payment method, also referred to as Cash Against Documents (CAD), D/P (Documents against Payment) for immediate settlement, or D/A (Documents against Acceptance) when payment is due at a future date.
How can we help?
We support exporters by either preparing the necessary documentation on your behalf or working with your own paperwork. Additionally, we can source any required third-party documents and present everything to your bank, ensuring a smooth transaction.
Open Account
What is an Open Account transaction?
An Open Account transaction allows goods to be shipped and delivered before the payment due date, making it a widely used method in global trade.
How can we help?
We assist by either preparing key export documents for you or working with your existing paperwork. We can also obtain any third-party documentation required and ensure timely dispatch to your client.
Our services include:
✔ Expert guidance on Letter of Credit terms
✔ Preparation of all shipment documentation
✔ Compliance checks for third-party documents
✔ Coordination with freight forwarders, shipping companies, and inspection agents
✔ Advice on Incoterms® 2020
✔ Arrangement of cargo insurance
For Letters of Credit, we also:
✔ Ensure documents are presented to the bank within agreed deadlines
How much does a Letter of Credit cost?
Letters of Credit Pricing – from April 2025
If you have a question about any aspect of this service or would like further information please get in touch.