What is an Export Letter of Credit?
For exporters the main concern is getting paid. Apart from receiving payment in advance, the next most secure method of trading is on export letter of credit terms. This is simply a mechanism whereby the exporter provides proof to a bank that the goods have been shipped and, provided the documents comply with the terms detailed in the letter of credit, the bank will pay.
What can Synergy Do for You?
However, getting paid depends solely on meeting the paying bank’s stringent compliance terms so it literally pays to be sure that every ‘i’ is dotted and every ‘t’ crossed. Synergy’s skilled, knowledgeable staff will take away the hassle and uncertainties, handling the process from start to finish with the utmost efficiency.
By allocating each client with a dedicated account manager, you are assured of a single point of a contact throughout. Our meticulous approach has resulted in a 100% record in clients getting paid.
Synergy’s financial support, knowledge and expertise has been invaluable to our business. The all round service they provide has allowed us to continue driving the business forward.
Synergy are always very supportive, very dependable and have an excellent eye for detail which helped save ITEC Global money throughout the project.
Synergy provide a range of solutions that have enabled us to trade projects that were potentially out of reach in terms of financing. They are professional, efficient and reactive to our needs
Synergy really take time to understand our needs as a business and no job is too much. The support they have given to our team has been absolutely fantastic.
Synergy have been instrumental in enabling the effective operation of our overseas business. The team have overcome some very complex situations by applying their extensive specialist knowledge.
Synergy in Trade have been very supportive of our business. From inception Synergy have provided import trade finance, bookkeeping, logistics & accounting services. They have been instrumental in us building our business and have been great business mentors.