Letter of Credit Service | Devon Chamber of Commerce

Devon Chamber of Commerce and Industry

T: 01752 220471

Letter of Credit Service

Benefit from a 98% first time approval rate and ensure that you get paid in full and on time for your exports.

What is a Letter of Credit?
A Letter of Credit is an official document that is typically issued by the importer's bank but it is only secure if you, as the exporter, meet all of its strict conditions.

Worryingly, over 75% of exporters who do their Letters of Credit experience problems getting paid due to incorrect paperwork.

To make life easier and to ensure you get paid in full and on time, use our Letter of Credit service.  Our export team has years of experience with 98% first time approval rate and an excellent reputation with all major global banks.

What we do
We deliver a fully managed, comprehensive service to secure payment for your exports, including:

  • Advice on Letter of Credit terms
  • Compliance checks for third-party documents
  • Liaison with freight forwarders, shipping companies, inspections agents etc
  • Advice on Incoterms 2010
  • Arrangement of cargo insurance
  • Presentations of all documents to the bank within agreed deadlines

To take advantage of our 98% approval rate for letters of credit contact us international-trade@devonchamber.co.uk or 01752 220471

 

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