ASMARA U.S.A. Inc.

An International Trade Compliance Management (ITCM) Consultancy
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LETTER OF CREDIT

 

 

Uniform Customs and Practice (UCP) for Documentary Credits

Purpose

To make payment to or to the order of a third party, known as the ‘beneficiary’ against stipulated documents provided that the terms and conditions of the Credit are complied with.

 
LOC Instructions
 
•Required Documents
•Validity
•Amount
•Product Description
•Type
•Role of Banks
•Reimbursement Instructions
•Shipment detail
 

LOC Automation

One of our current projects is a customized Letter of Credit Management System where you can:

  • Receive LOC's electronically
  • Track LOC values, last dates of shipping and dates of expiry
  • Create export documentation in conformity with LOC terms
  • Negotiate LOC's electronically

Contact us for more details.

Back to Export Operations

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