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Asia-Direct Imports – Outsourced Trade Document Preparation

Trade Technologies' outsourced services let Vendors and Suppliers get paid 10-60 days sooner.

Asian-sourced Vendors and Suppliers that sell to North American and European retailers under the direct-import model face a complicated and expensive document preparation and distribution process in order to collect payment. Trade Technologies delivers unmatched third-party international trade document processing for companies sourcing goods in Asia.

We combine cutting-edge technology, local in-country trade documentation experts and best-in-class processes to streamline the creation and delivery of letter of credit and open account documentation. By outsourcing their Asia-direct import document processing to Trade Technologies, our customers are consistently paid faster and more reliably with lower overhead costs.

Our outsourced services feature:

• Cutting-edge technology
• In-country trade documentation experts
• US-based support team to bridge time zones
• Best-in-class processes including familiarity with each retailer's document and timing requirements
• Organizational excellence and stellar customer service

These exclusive features provide specific and measurable benefits to your company:

• Faster and more reliable payment
• Lower overhead costs
• Reduced courier fees
• Fewer errors and less hassle

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Services Summary

Completing direct-import letter of credit and open account documentation accurately and in a timely manner requires a skill-set that can only be learned through experience. Put Trade Technologies' experts to work for you and accelerate your direct-import receivables now.

Review letter of credit terms for consistency and provide expert feedback regarding key terms

• Our team is familiar with errors and inconsistencies that often appear in direct-import letters of credit and open account documents.
• We know the unique information that each retailer requires on its documents.

Prepare all internal documents including invoices, packing lists, beneficiary certificates and drafts

• Our staff leverages Trade Technologies’ proprietary technology platform to automatically create your documents from the original direct-import letter of credit or purchase order, eliminating typing errors.

Coordinate all required third-party documents such as transport documents, insurance certificates and inspection certificates.

• Our in-country experts ensure that FCRs, SDRs and other required third party documents are delivered on time and comply with the terms of the letter of credit.
• We work with these groups every day and are intimately familiar with their processes and requirements.

Present documents to the negotiating bank online

• Trade Technologies is the only company that can present original documents online to major trade banks for direct-import transactions.
• This process accelerates payment and eliminates courier costs and delays.

Follow-up with negotiating bank to ensure prompt payment collection

• We utilize our relationships with examination banks and our knowledge of the UCP600 and standard banking practices to accelerate payment.
• Our trade experts perform regular status checks on documents presented for examination to ensure timely collection of funds.

Recommend process improvements to better manage international direct-import transactions and working capital

• We employ our deep domain experience to assist exporters in structuring, confirming and discounting of international letter of credit receivables.
• Accurate documents eliminate discrepancy fees, payment delays, and demurrage potential.