L/C and discrepancies survey

Discussion in 'International Business' started by Akzham, Jul 3, 2017.

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  1. Akzham

    Akzham UKBF Contributor Full Member

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    Dear members,

    I am currently conducting a survey on the use of L/Cs and their discrepancies for a personal project, it should take 2 minutes to anyone. Any answer is greatly appreciated !

    https://goo.gl/forms/Suqia9pHy7kOuTy52

    Thanks :)
     
    Posted: Jul 3, 2017 By: Akzham Member since: Mar 11, 2013
    #1
  2. Akzham

    Akzham UKBF Contributor Full Member

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    No one is using letters of credit?
     
    Posted: Jul 19, 2017 By: Akzham Member since: Mar 11, 2013
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  3. MikeJ

    MikeJ UKBF Big Shot Free Member

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    I didn't click on the link because I assumed it was for importers using them, rather than exporters.

    We avoid LCs like the plague, as they're a nightmare. I'm far from convinced any app will solve the problems we have.
     
    Posted: Jul 19, 2017 By: MikeJ Member since: Jan 15, 2008
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  4. Mister B

    Mister B UKBF Ace Free Member

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    Like others have said, LCs are archaic. Cannot remember the last time we used one, so my input would be irrelevant I'm afraid.
     
    Posted: Jul 19, 2017 By: Mister B Member since: Aug 31, 2007
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  5. Akzham

    Akzham UKBF Contributor Full Member

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    Hello MikeJ, I should have noted that the survey if for exporters, as they are the one sending documents, thus dealing with refusals because of discrepancies.

    No app will sole the problems, but it can lower them.

    Their is a small decrease in their use every year since 4/5 years indeed, but there are still 43.5 million L/Cs issued every year, not sure I would call that archaic!
     
    Posted: Jul 24, 2017 By: Akzham Member since: Mar 11, 2013
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