Doc-prep services to Exporters:

As per official statistics published by International Chamber of Commerce, more than 50% of LC documents are discrepant. As a result, basic purpose of LC business to mitigate counterparty risk is defeated. Exporters are at a mercy of importers and at times buyers may default or insist huge discounts. In addition to that exporters suffer substantial amount of discrepancy charges apart from the interest for the delayed remittances.

When IFTS trade professionals prepares documents, exporters can rest assured that documents are made as per terms & conditions of the LCs and there by reduce huge finance costs and are able to mitigate counterparty risks.

Doc-prep services include:

  • Scrutiny of LCs to check workability under commercial contract
  • Check-list preparation
  • Preparation of proforma documents& pre-shipment documentation
  • Post-shipment documentation including Commercial invoice, Packing List etc

Doc-check Services to Banks:

There is acute shortage of trade professionals who are familiar with UCP & ISBP rules and capable of examiningLC documents . Though, it has been a continuous endeavour of all banks to provide professional services to their esteemed customers, it is becoming difficult to handle specialised transactions under tremendous work pressure due to lack of skilled manpower.

  • IFTS offers document examination services to small and medium size banks at a very competitive rates in order to help banks

          to reduce transaction costs and improve service standards.

Placement Services:

We help employers looking for trade finance professionals to identify right candidates for all levels. We also conduct first level interview and forward selected resumes to the recruiters to expedite selection process.