Letter of Credit Preparation
Outsource Letter of Credit Preparation – The necessity and benefit
The letter of credit is a widely used payment undertaking in cases where the purchased goods are to be shipped to a far-off location and involve logistics carrier companies and various other parties to handle the financial transactions. Letter of credit document preparation is a tough task and it is a known fact that more than 80% of these documents contain discrepancies. This leads to the issuing bank rejecting the L/C which causes delay in payments. This is why it becomes necessary to outsource LOC preparation to a suitable letter of credit services provider who has sufficient expertise to assure error free LC generation which saves lots of time and money for both the applicant and the beneficiary.
Invensis Letter of Credit Services – Expertise in Letter of Credit Document Preparation
More and more companies everyday are realizing the importance of letter of credit services to assure perfection, precision and cost reduction in their financial transactions pertaining to logistics. Letter of credit preparation is not an easy task and the primary reason why companies choose to outsource letter of credit generation is because there is a lot of complication involved in the creation of this document. Invensis understands the concerns of its clients and delivers the highest precision in L/C documents so that the payment process is simplified and convenient on the side of not only the issuing bank but more importantly, on the advising bank side, so as to reinforce the trust between the buyer and seller.
We do a comprehensive analysis of the kind of documents that are a prerequisite to generation of L/C which includes transport document, bill of lading, insurance documents, bill of exchange, commercial invoice, packing list, weight list and other commercial and official documents. After this is understood, we prepare the letter of credit giving due importance to all the parties involved in the scenario - buyers, banks and carriers - who may have differing priorities, requirements and stipulations. We comply with the Uniform Customs and Practice for Documentary Credits (UCP 600 Guidelines) and assure error free letter of credit document preparation.
How Invensis Letter of Credit Services can accelerate your business
If you are smart enough to outsource letter of credit, you better be smarter and choose the best services provider. Here’s what makes Invensis the best choice for you.
- We understand UCP 600 norms and create the L/C based on those guidelines which minimizes chances of error and rejection by the issuing bank.
- We observe strict quality standards to deliver the best error free LC to our clients so that there are no discrepancies in the payment process.
- Invensis is respected for its prompt TAT and we understand that LOC documents need to be generated on strict deadlines, which is what we excel at.
- Our skilled team understands the requirement of documents that are essential to create the letter of credit.
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