Trade & LC

Collection risks are always one of the biggest concerns in international trade. However this collection risk might be mitigated/eliminated by using Letter of Credit (LC), wherein the buyer has his bank provide a letter of credit that effects the payment for the goods purchased. In effect, the seller is comforted by substituting the credit worthiness of the bank for the creditworthiness of the buyer. LC can also be a mean of trade finance where the bank can provide with the seller a short-term working capital by discounting the bills receivable. UPC600 set out all the rules on the issuance and use of letters of credit.

Our expert in Trade and LC documentation can give you advices on preparing all kinds of import LC for purchase and help scrutinizing the term of export LC from customers in compliance for a clean collection.