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
Negotiation of Letters of Credit
The Alliance Group enjoys and enviable reputation with this value added service which has operated for almost twenty five years from its London Head Office serving a multiplicity of U.K. based export companies particularly specialising in the more complicated export arenas (ie. the Middle East the Far East West Africa and South America).
This service is offered free of charge to Alliance export shipping customers and is underwritten by Lloyds of London guaranteeing the security of clients valuable export orders.
