Letters of Credit

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.