top of page

Letters of Credit: How They Work

Thomas H. Ward

If you have a small business and want to expand into the international market it is necessary to use and understand how Letters of Credit work. Using this book, you can answer any question you may have about using Letters of Credit. After reading this you will be an expert and be able to use this powerful tool to help your business start international sales with little to no risk. No risk is the key when selling outside the good old USA as there are many ways to get burned. This book provides a step by step guide how to open a Letter of Credit. For more information you can see my book Letters of Credit and Documentary Collections which can be found online. Also see my other articles on Letters of Credit on Associated Content.

This information is based on my 30 years of experience in international business operations. CONSULTANT: Thomas H. Ward, MBA in International Business with over 30 years experience in export and import of goods and services. Has done work for KIA, Inc, RCA, Zenith, Texas Instruments, Stuart Coatings, and SKC (Korea), to name a few companies. Import / Export experience with China, Japan, S. Korea, Southeast Asia, Europe, and Mexico. If you need help to export or import goods or services I can provide the following training at low fees. I started Exports for Union Carbide, RCA, Zenith, and Texas Instruments Metal Division to China, Korea, and Southeast Asia. You can find my email address in my Amazon Bio. Here is how I can help you. 1. Help to set up a Letter of Credit for export, providing you step by step guidance and train your people. 2. Help to review Letters of Credit and Bills of Lading for your export shipment to make sure you adhere to the terms of the LC. 3. Arrange Shipping for your export goods with a dependable Freight Forwarding Agent that can handle HAZMAT or DANGEROUS goods. Shipments can be made from LA, Chicago, New York, or Houston. 4. Help to make sure you will be paid so your risk of nonpayment is zero. 5. Show you how to use a Letter of Credit to obtain an Assignment of Proceeds Letter from your bank to avoid making a costly Transferable Letter of Credit. An Assignment of Proceeds Letter does not advise who the customer or supplier is keeping this information private. 6. Advise you what Banks to use to reduce your Banking charges when using a Letter of Credit. These are just some of the services I offer. Email me with your problems and questions I will reply at no cost to you. Let me help you make more money. Contact me, my email address is located in my Amazon Author Bio profile. I offer low fees with excellent service. Do not take chances with your money. Doing export shipments is a risky business so make sure you get paid. Likewise importing goods and paying in advance is also risky. I can help you remove that risk.

bottom of page