Importing and exporting involves risks. Exporters run the risk of buyers failing to pay for goods, while importers may risk paying but never receiving anything. Because of the distances involved, it may be difficult to resolve any disputes.
One way of reducing the risks is to use a letter of credit. This can offer a guarantee to the seller that they will be paid, and the buyer can be sure that no payment will be made until they receive the goods.
We offer a comprehensive letter of credit service on two levels:
· Full preparation of all documents and presentation to the bank
· Examination of your documents prior to presentation to the bank
Online applications can be made through tradecert.com