Letters of Credit
The Complete PSP Service
It can be quite daunting dealing with overseas payments from a customer or supplier you have never met face to face, especially when it makes or breaks a deal. That’s why it’s essential that you use a professional Letter of Credit service so that all payments are secure and certain. The costs for this service vary depending on the complexity of the Letter of Credit but the good news is that PSP offer a free letter of credit service if you are shipping your goods with PSP.
Our Letter of Credit experts have great relationships with the international trade managers at many banks. The team thoroughly check all your documentation and make sure everything is presented to the bank correctly and that you get paid, because after all, that’s what it’s all about!
Examining the letter of credit
Preparing all documents in accordance with the letter of credit
Presenting all documents to the negotiating bank
Ensuring the funds are received
