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BeratungsstelleGlossarLetter of credit

Letter of credit

A letter of credit is a document from a bank giving the guarantee that a buyer’s payment to a seller will be received on time and for that amount. If a buyer is not able to make a payment, the bank will be required to cover the full or remaining amount of the purchase.

Invoice audit
Letter of credit on your freight invoice

Need a tool to handle Letter of credit in your freight invoices? Transmate's invoicing and rate module can handle any charge. Save time now in invoice auditing with Transmate's invoice auditing tool!

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Invoice audit
Letter of credit in your logistics operations

Handle Letter of credit in Transmate's TMS and avoid suprises. Transmate's TMS lets you collaborate with your value chain partners, lets you launch spot rate requests or full freight tenders from the cloud.

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