Exporters can face significant risks when they undertake international trade, not least the fear of delayed or non-payment.
However many long-term UK exporters conduct business outside the UK easily and securely. Key to this is knowledge and experience,
which EXPO-C can supply to help you reduce your risks, and so allowing you to focus on growing your export business.
To
avoid the danger of unsecured open account payment terms, we can advise you on the successful use of a Documentary Credit
(often known as a Letter of Credit or L/C). EXPO-C has many years of experience in the export industry, and it is this expertise
that we can offer you by providing a range of documentary services to meet your business needs. we will:
- provide wording and conditions that you should stipulate for L/Cs
- advise on preferred UK banks for your particular export country
- liaise with your forwarding agent
- work with you on the planned timing schedule
- work with you when it is time to ship, consolidating the paperwork and documents that are required by the UK
advising bank.
We can advise on the advantageous use of Forfeiting, where you will know exactly how much you will receive upon
negotiation of documents, without any recourse to you.
EXPO-C will also advise where you may wish to offer Open Account payment terms, but supported by Credit Insurance, which
will provide you with export and political risk cover.