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Letters of Credit Service

Home / Global Trade Hub / Export Document Services / Letters of Credit Service

Take the risk out of exporting, use our trusted Letter of Credit service. Did you know that 75% of Letters of Credit are rejected on first presentation, and over 50% on second presentation. Save time with a 95% first time approval rate on Letters of Credit!

The Chamber Global Trade Hub provides a comprehensive and cost effective Letters of Credit service.  This service ensures preparation of all your documentation and presentation to the bank for payment allowing you to concentrate on your core business.

This service provides a number of safeguards and several benefits to you:

  • Save time and money
  • Secure payments for goods exported
  • Avoid bad debts
  • Enhance your reputation for efficiency and reliability
  • Increase your profitability.
  • Reduce the risk of your letters of credit being rejected

What are Letters of Credit?

A Letter of Credit guarantees payment for goods exported, provided you meet all of its conditions. When you export your product or service, your buyer's bank opens a Letter of Credit. This contains details of the strict terms and conditions you need to adhere to for the bank to make payment. If your company meets all of the stated conditions payment is guaranteed.

Through our Letters of Credit service we can:

  • Check your Letter of Credit conditions to make sure you can meet them
  • Inform you of any amendments within two working days
  • Prepare all the relevant documents
  • Liaise with freight forwarders, shipping companies, inspection agents etc.
  • Check all transport and third party documents
  • Present all documentation to the bank on your company's behalf

For more information please contact the International Trade Team    01905 673614