Cameron makes a sale to a buyer using letter of credit terms. The buyer applies for a letter of credit from the issuing bank. The issuing bank sends the letter of credit to an advising bank, who then sends it to Cameron. Cameron reviews the letter of credit and provides the details to their logistics provider, QLC. QLC coordinates the shipment and documents to ensure the terms are met for payment to be released to Cameron.

1. LC Workflow
Issuing Bank
1. Cameron makes sale on LC Terms with Buyer. Paying Bank Advising Bank 6
Cameron/Beneficiary
2. LC Application from Buyer to Issuing Bank. 3 4
LC Transmission LC Advice
3. Issuing Bank sends LC to Advising Bank . SWIFT 700
5
4. Advising Bank sends LC to Cameron who in turn faxes to
LC Review
QLC for review.
Commercial Invoice Info
5. QLC reviews and posts LC image to secure website
(www.qualitylc.com).
Credit Release and Commercial Invoice Info
R
ei
m
b
Letter of Credit
C urs
6. Within Cameron: LC entered by Sales, Managed by OA, la em
im
14
e
Reviewed by Credit. 13 nt
7. LC Image and AWB/OBL Template are also available at QLC 7
website
Letter of Credit Application
12 8
Internet
8. Cameron’s Credit Department releases shipment with Warnings
5
copy of CI to QLC. 2 Reports
Status
e
9. QLC sends Forwarder a Pro Forma AWB/OBL template with LC
ad
Images
lM
‘conformance’ instructions upon Notice of Shipment from Cameron.
ea
www.QualityLC.com
D
1
10. Cameron delivers goods to Forwarder.
AWB Template
AWB/OBL
11. Forwarder faxes AWB/OBL to QLC for review. 11 9
Cargo
12. QLC coordinates the collection of all other data and documents and
Cargo
presents to ABN-AMRO/SFO for Examination & Claim on Issuing
Bank.
Freight
13. Chase makes Reimbursement Claim on Paying Bank or sends Forwarder
documents to Issuing Bank. /Carrier Deliver to Freight
Buyer Drop-Ship Forwarder Cameron’s
14.Funds are sent by Paying Bank to Chase Bank to Cameron. Buyer 10 Warehouse