Connect


Connections are crucial to the success of any business. Visit our latest news to keep up to date with the latest business news from across the region.

Connect. Support. Grow.
 
Connect. Support. Grow.


Become a Chamber member today and access a range of benefits to connect, support and grow your business

Connect. Support. Grow.
 
Connect


Connections are crucial to the success of any business. Visit our latest news to keep up to date with the latest business news from across the region.

Connect. Support. Grow.
 
Support


Connections are crucial to the success of any business. Visit our latest news to keep up to date with the latest business news from across the region.

Connect. Support. Grow.
 
Training Services


Connections are crucial to the success of any business. Visit our latest news to keep up to date with the latest business news from across the region.

Connect. Support. Grow.
 

Letter of Credit Service

Did you know that 80% of Letters of Credit are rejected on first presentation and over 50% on second presentation?

Want to speak to someone? Call us on 0121 725 8996.

Pass your Letter of Credit to us and let our comprehensive and professional service take over:

  • Your credit will be checked to ensure the conditions can be met
  • We liaise with the freight forwarder/shipping company and ensure the transport documents are issued correctly.
  • The remaining documents are prepared and presented to the bank on your behalf.
Members of a West Midlands Chamber or the Midlands World Trade Forum:
£1.00 -£30.000        £425
£30.000 - £60.000 £550
£60.001 - £100.000 £650
£100.000.01 - £250.000 £750
£250.000.01 - £500.000 £850
£500.000.01 or over £1000
Over £1,000,000.00 x 0.125% + £100.00
Non-members
£1.00 -£30.000        £475
£30.000 - £60.000 £600
£60.001 - £100.000 £700
£100.000.01 - £250.000 £800
£250.000.01 - £500.000 £900
£500.000.01 or over £1,050

 

Subsequent partial shipments (if any) will be charged at 50% of the original 1st shipment fee

Additional costs where applicable include:

Advance Payments - £95 +VAT

Balance payments - £95 +VAT

Collections - £197 +VAT

Open Account - £135 +VAT

Cancellation fee - 50% of the original shipment fee

Courier fee - £80 +VAT

Insurance fee - £35 +premium +VAT

Due to the complexity and additional workload required to process L/C’s for the following country an additional surcharge applies as follows:

Iraq Letters of Credit - £500.00 + Vat, which will be added to the original shipping fee.

For all subsequent shipments, there will be an additional surcharge of £250.00 +Vat.

If you have any questions regarding exporting or importing please contact us 0121 725 8996 or email us documentation@birmingham-chamber.com