A field guide to cross-border paymentsSupplier payments, FX and import costs
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From the payment desk

Letters of credit

Work through the documents, deadlines and discrepancies that can hold up a letter-of-credit payment.

2 ARTICLES · WITH SOURCES

DOCUMENTARY CREDITL / CREVIEWED ✓
Letters of credit2 min read

Turn the letter of credit into a document plan

Check who can issue each document, what it must say and when it must reach the bank. Resolve an impossible condition before committing the cargo.

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DOCUMENTARY CREDITL / CREVIEWED ✓
Letters of credit2 min read

When the bank reports an LC discrepancy

Use the bank’s findings to assign the document corrections, then keep arrival and storage decisions on the same dated record.

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2 articles

Pre-shipment checks

Check the order before it ships.

Review the invoice, bank details, documents and costs before releasing the balance.

Open the shipment checklist

Start with “China”, “FX” or “letter of credit”.

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