Letter of Credit Service

What is a Letter of Credit?

A Letter of Credit is an official document that is typically issued by the importers 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 own Letters of Credit experience problems getting paid due to incorrect paperwork.

How we can help

To make your life easier, and to ensure that you get paid in full and on time, use our Letter of Credit Service where you’ll benefit from a team that has a 98% first time approval rate and an excellent reputation with all major global banks.

We deliver a fully managed, comprehensive service through a team of experts who work hard to secure payment for your exports.

Our Letter of Credit Service includes:

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

Work with us and take the risk out of international trade.

Costs

Letter of Credit Value (£)

Service Fee (+VAT)

£1.00 - £30,000

£350

Over £30,000 - £60,000

£500

Over £60,000 - £100,000

£600

Over £100,000 - £250,000

£700

Over £250,000 - £500,000

£800

Over £500,000 - £1m

£1,000

Over £1m

x 0.125% of value

 

 

  • How to get started

    To take advantage of our 98% approval rate for Letters of Credit simply complete the enquiry form and one of our advisers will be in touch to discuss your specific requirements.

    Call us on 01275 774 958

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  • Want to do your export documents online?

    You can easily create all your export documents, copy and edit previous shipments, apply for certification and get customs clearance for your shipments on Acorn International Trade Services.