ONLINE EXPORT LETTERS OF CREDIT
Making your export transactions more profitable
When you use our Online Export
be able to reduce your costs, improve your cash flow and
free yourself from documentation hassles.
We save you money
With Export Assist, your bottom line will benefit from:
You will also be able to increase your competitive advantage by
receiving export payments faster than your competition.
- attractive flat rates
- lower daily sales outstanding (DSO)
- prompt and timely receipt of funds
- elimination of costly document errors and
- leading edge online technology without the
- potential tax savings.
We save you time
Export Assist's friendly, experienced specialists make L/C processing
fast and easy. When you call us at 800-894-8366, we will talk
with you about your L/C, obtain the necessary information, and
answer any questions that you might have. By using our online service,
you will benefit from:
- faster processing time
- improved consistency in document preparation
- no hassle transaction processing
- secure, dependable technology
- continual updates and tracking - anytime,
Upon receipt of the completed L/C, we
will review it for built-in discrepancies and enter it online.
After you ship, we will contact
freight forwarder and bank to ensure that the documents are processed
on-time and you receive your payment as quickly as possible.
longer need to worry about doing it right or stress about possible
inaccuracies. We handle everything: fast, efficiently and worry
How Does It Work?
When you use Export Assist to process your L/C, we will:
- work with the advising bank to assist you in obtaining the
- receive the original L/C from the advising bank
- place it in our Online Export Letters of Credit system
- notify you of critical dates, such as ship dates and L/C expiration
- receive the invoice and other pertinent documents from you
- work directly with your freight forwarder to obtain the transport
- notify you electronically when L/C documents are delivered
to our or your negotiating bank
- track delivery of L/C documents to the negotiating and issuing
banks for payment– online, real time
- send you electronic confirmation when payment is released.
Export Assist’s involvement in the L/C process is illustrated
Attractive Flat Rates
Our banking partners are members
of the U.S. Federal Reserve System
and are strategically chosen for their processing facilities
pricing. As a result of our strong financial relationship with
them, we are
able to offer you especially attractive flat rates, whether you
have a large
single L/C or multiple smaller L/C’s. We also eliminate
difficulties between you and your bank that could harm the successful
and timely completion of your transaction.
Secure, Dependable Technology
At Export Assist, we use the latest secure, dependable export
technology to gather information, process documents, and report
transaction status to you. We can receive any type of L/C information
electronically from multiple sources, including banks, freight
and customers, thereby eliminating data processing input errors.
transaction information is completely confidential, protected
encryption technology that requires an authorization code to
Only authorized employees, executives and tax advisors
can access the
same network of information, thereby helping to eliminate customer
discrepancies and misunderstandings.
Continual Account Updates
If you or your authorized representative want to know the status
transaction or track your cash flow, you can either call
or e-mail us during
business hours or go online to view it on our real time-enabled
24 hours a day, 7 days a week. Your transaction will be continually
updated, from the time the L/C document is registered online
transport documents have been issued and the bank has released
to your account. We will also notify you personally and
promptly if there
are any problems that need to be resolved, such as obtaining
document or collecting a payment. Whether Export Assist
is handling a
single L/C transaction or your whole L/C portfolio, you will
be able to
access the most current, confidential information on our
website at any
time and at any internet location around the world.
L/C-Related Export Assist Services
In order to optimize your export Letters of Credit transactions, you can
use them to qualify for tax advantages through Foreign Economic Processing (FEP). Our specialist will work with you to
create a program specifically designed to maximize your tax savings on export sales.
For more information about our Online Export Letters
of Credit and
related services, please contact us at 800-894-8366 or click