Our Solutions
We provide consulting services for the areas mentioned below.
Commercial Documentary Credits
These are the type of letters of credit that used in commercial purposes and mostly subject to the latest version of UCP (Uniform Customs and Practice for Documentary Credits). They can be divided into two sub-categories: export letters of credit and import letters of credit. Actually, these categorizations are only made according to which side you are standing at the transaction because an export letter of credit is also an import letter of credit for the counterpart.
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Export Letters of Credits
* Risk evaluation prior to LC openings
* Consulting exporters through LC opening negotiations
* Risk evaluation of existing letters of credit for risky points
* Consulting exporters preparing the documents for complying presentation
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Import Letters of Credits
* Risk evaluation prior to LC openings
* Consulting importers through LC opening negotiations
* Consulting importers during the LC process
Standby Letters of Credit
Standby letters of credit are issued mostly by banks, on behalf of a customer to provide assurances of his ability to perform under the terms of a contract which is exist between the beneficiaries of the standby letter of credit. They had been created by US banks in order to circumvent a past rule that prohibited US credit institutions from assuming guarantee obligations in relation to third parties. They can be opened either subject to latest version of UCP (UCP 600) or ISP ISP98 (International Standby Practices - 1998 edition) is the unique rules for Standby letters of credit published by ICC.
Trade Credit Insurance
Trade Credit Insurance has been found to be a very effective way for businesses to safeguard one of their most important assets – Trade Debtors or Account Receivables – while at the same time providing companies with additional tools to develop their businesses even more.
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Risk-Managed Trade Credit Insurance
Managing credit risks is one of the most important functions to ensure the continued sustainability, if not viability, of any business concern. In this area, knowing your customers and having a sound credit control system are some of the risk management measures that companies rely on. A recent addition to the credit management arsenal is Trade Credit Insurance which now allows companies to effectively transfer their credit risks.
Trade Logistics
Logistics Management starts with as curtaining customer need till its fulfillment through product supplies and, during this process of supplies; it considers all aspects of performance which include arranging the inputs, manufacturing the goods and the physical distribution of the products. However, there are some definite objectives to be achieved through a proper logistics system.
We will advice management to reduce the total cost of logistics rather than the cost of each activity. So logistics must be viewed as an integrated system rather than the individual system, because reduction in one cost invariably lead to increase the cost of other components. Effective management and real cost savings can be accomplished only by viewing logistics as an integrated system and minimizing its total cost given the firms customer service objectives which we specialize.
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Trade Logistics is broadly based on the following:
* Consolidation of information
* Inventory
* Transportation
* Material Handling
* Warehousing
* Packing
We also have consulting services on the areas of Documentary Collections and Demand Guarantees.
