Letters of Credit
In the world of International Business many shippers rely
on Letters of Credit to help guarantee payment from unknown clients.
As the Letter of Credit includes the shipping of the materials
it is very important that you select a Freight Forwarder who has experience
and is trained in their handling. Don't be fooled to believe that a Letter
of Credit guarantees payment. It does not. If your documentation is not
in compliance with the terms and conditions of the letter of credit you
run the risk of not being paid at all. Elite is experienced and trained
in this field.
Cindy Kemper, one of Elite VPs, has been a guest speaker
at many International Business Community Forums speaking on the responsibilities
of Freight Forwarders in the negotiation of Letters of Credit.
Elite will act on your behalf to review your Letters of
Credit before you accept the credit terms and will offer you suggestions
as to the modifications necessary to ensure that a smooth transaction will
take place. Each Letter of Credit handled by Elite is stringently reviewed
by two account representatives prior to presentation to the banking entity.
Our file is not closed until we have confirmation from the banking institution
that the Letter of Credit has been paid.