Letter of Credit

A Letter of Credit is an official document that's typically issued by the importers bank, but it is only secure if you, the exporter, meet all of its 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 the support of an expert team that has a 98% first time approval rate and an excellent reputation with all the 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.
     

COSTS

The cost to access our Letter of Credit service depends on the value (£) of the shipment/order. Our rates can be found in the table below.

Letter of Credit Value (£) Regular Fee (+VAT)
£1.00 - £30,000 £366
Over £30,000 - £60,000 £520
Over £60,000 - £100,000 £620
Over £100,000 - £250,000 £720
Over £250,000 - £500,000 £820
Over £500,000 - £1m £1,026
Over £1m x 0.1275% of value


HOW TO GET STARTED

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

Or alternatively you can call: +44 (0)1275 774 330 or email: hello@acorn-intl.com

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