Page
1 2
Letters of Credit and UCP 600 Regulations
Our Letter of Credit Presentation and Banking services are designed to provide our clients with the following benefits:
- Vastly improved cash flow through immediate negotiation of documentary credits with the issuing banks – usually within 24 hours of presentation
- Bank overdraft and interest charges often amounting to tens of thousands of pounds per annum can be saved through utilisation of the ASL-Flo© system
- Conversely interest payments accrue to your account as a result of earlier repatriation of funds from payments being secured for your goods
- Overseas consignee or customer satisfaction is enhanced as a result of quicker release of documents from the bank which enables your company’s valuable product to be delivered on-site within projected lead-times
- Penalty clauses and additional overseas charges (ie. demurrage and quayside rents etc) are obviated through the ASL-Flo© system
Page
1 2
