The Letters of Credit Policy and Procedure develops and builds best practices in processing a letter of credit quickly and efficiently. The Procedure allows processing of foreign transactions where a known or unclear level of risk prohibits normal purchasing and sales processes. The procedure applies to Finance, Accounting, Purchasing, and Sales department, or other departments involved in using documentary credit to process transactions. (8 pages, 2046 words)

Activities Covered in the Letters of Credit Policy Procedure

• Letter of Credit Plan
• Executing a Letter of Credit as a Buyer
• Executing a Letter of Credit as a Seller
• Reviewing the Letter of Credit Process
• Improving the Letter of Credit Process

Forms Included in the Letters of Credit Policy Procedure

• Letter of Credit Checklist Form