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More information is available at www.qualitylc.com/USCIB.htm.
“In line with our commitment to assist both large and small businesses engaged in international commerce, we are delighted to expand the portfolio of trade facilitation services offered to our members and the wider U.S. trading community,” said USCIB President Peter M. Robinson. “Having been involved with documentary credits for over 60 years, USCIB is aware that payment for letters of credit can be a time-consuming and frustrating process. QLC’s ability to prepare the required documents, perform the bank presentation and reduce the timeline for exporter payment, provides our members and others involved in international trade with undeniable benefits, further augmented by comprehensive on-line status reporting capability.”
QLC’s Document Management Services offerings include:
· L/C Credit Review:
Each L/C goes through a rigorous review process to ensure that payments are not delayed. Experienced staff will advise exporters of potential problems before they occur.
· Expert Document Preparation: QLC’s nationwide staff of documentation specialists creates flawless document sets in a fraction of the time spent by in-house resources or freight forwarders and at considerably less expense.
· In-House Presentation Option: Ability to present documents for examination and claim to an in-house bank saves on courier time and expense, while getting exporters paid faster.
· Live Web Reporting: Web reports provide the tools needed to help organize L/C activity, create customized reports or import information directly into a spreadsheet.
· Cost Estimate Analysis:
QLC provides a detailed estimate of the total expenses associated with L/C document preparation, including banking fees.
Founded in 1993, QLC (www.qualitylc.com) has grown to become a world leader in letter of credit documentation outsourcing. The company currently processes credits totaling over $1 billion per year.
“We are excited to offer Document Preparation Services in conjunction with USCIB,” said QLC President David Clements. “The complexities of exporting can be overwhelming, especially when getting paid for exported merchandise hinges of the ability to produce specific documents required by letters of credit. Along with the burden of generating documents is the risk that the slightest inaccuracy in one of the documents can often lead to costly collection delays, punitive fees, unnecessary added paperwork and lost productivity. QLC can minimize these risks. I realize the ‘better, faster, cheaper’ pitch is tossed around a lot, but in our case the proof is in the fact that document preparation is all we do. It’s our specialty and we provide a service unlike any other.”
To learn more about QLC Document Preparation services, visit the Business Services area of USCIB’s website (www.uscib.org), or contact Jim Watt, QLC’s director of business services, at (650) 585-3338 or jim@qualitylc.com.
USCIB (www.uscib.otrg) promotes an open system of global commerce. Its membership includes some 300 U.S. companies, professional service firms and associations whose combined annual revenues exceed $3 trillion. As American affiliate of the leading international business and employers organizations, USCIB provides business views to policy makers and regulatory authorities worldwide and works to facilitate international trade. USCIB’s Banking Committee seeks to increase the efficiency and decrease the cost and risk of international trade transactions by promoting the standardization of international banking and commercial practices and procedures.
Contact:
Davis Hodge, banking and e-commerce mgr., USCIB
(212) 703-5061 or edhodge@uscib.org
More on USCIB’s Business Services
More on USCIB’s Banking Committee
Quality Letters of Credit Website
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