Blog

Insights on Letter of Credit management, trade finance automation, and AI-powered document compliance.

SmartLC V2 Is Live
Trade Finance
SmartLC V2 Is Live
We've spent the past two years building the tool we wished existed when we were managing LCs ourselves. Today, it's live.
David Berney13 Apr 20264 min read
The Real Cost of Managing LCs by Email
Trade Finance
The Real Cost of Managing LCs by Email
Nobody budgets for the cost of a discrepancy. Nobody tracks the hours spent rebuilding an LC timeline from email threads. But those costs are real.
David Berney16 Mar 20265 min read
Certificate of Origin: The Document That Catches Everyone Eventually
Trade Finance
Certificate of Origin: The Document That Catches Everyone Eventually
The Certificate of Origin is three fields on a single page. It's also the document that trips up exporters who've been doing this for twenty years.
David Berney9 Feb 20264 min read
House Rules: The Bank Knowledge Nobody Writes Down
Trade Finance
House Rules: The Bank Knowledge Nobody Writes Down
Ask anyone who's presented documents to the same bank twice and they'll tell you: every bank has its quirks. The problem is, nobody writes them down.
David Berney19 Jan 20264 min read
Trade Finance Is Stuck in 1995
Trade Finance
Trade Finance Is Stuck in 1995
Banks have spent billions digitising their side of trade finance. The exporter preparing documents on the other side is copying and pasting from last month's Word template.
David Berney8 Dec 20255 min read
The Document Checker's Cheat Sheet
Trade Finance
The Document Checker's Cheat Sheet
Every experienced document checker has a system. Most of them learned it by getting burned. Here's the system, without the burns.
David Berney20 Oct 20256 min read
Partial Shipments: What UCP 600 Actually Says vs What Everyone Thinks
Trade Finance
Partial Shipments: What UCP 600 Actually Says vs What Everyone Thinks
Article 31 and Article 32 look similar on the page. One covers partial shipments. The other covers instalment shipments.
David Berney15 Sept 20254 min read
Bill of Lading Discrepancies Banks Actually Reject For
Trade Finance
Bill of Lading Discrepancies Banks Actually Reject For
The bill of lading is the most important document in an LC presentation. It proves the goods were shipped. It's a document of title.
David Berney7 Jul 20255 min read
Amendments: The Most Expensive Email You'll Ever Send Late
Trade Finance
Amendments: The Most Expensive Email You'll Ever Send Late
An amendment isn't a quick fix. It's a round trip through two banks, a buyer, and a seller — each with their own timeline and fee schedule.
David Berney5 May 20255 min read
What Actually Happens When You Miss the Presentation Deadline
Trade Finance
What Actually Happens When You Miss the Presentation Deadline
The 21-day clock starts ticking the moment goods are loaded onto the vessel. Not when your freight forwarder sends you the bill of lading.
David Berney10 Mar 20255 min read
UCP 600: The 10 Articles That Actually Affect Your Day
Trade Finance
UCP 600: The 10 Articles That Actually Affect Your Day
UCP 600 has 39 articles. If you're an exporter preparing documents, about 10 of them will directly affect whether you get paid.
David Berney13 Jan 20257 min read
Your Packing List Is Losing You Money
Trade Finance
Your Packing List Is Losing You Money
Nobody ever lost sleep over a packing list. Which is exactly why packing lists keep causing problems.
David Berney18 Nov 20243 min read
What Every Field in Your LC Actually Means
Trade Finance
What Every Field in Your LC Actually Means
The first time you receive a letter of credit, it looks like someone filled out a tax form in a foreign language. Field numbers instead of headings.
David Berney14 Oct 20246 min read
Two Out of Three Document Presentations Get Rejected. Here's Why.
Trade Finance
Two Out of Three Document Presentations Get Rejected. Here's Why.
Somewhere right now, a document examiner at a bank is typing a refusal notice because a street name is misspelled. The shipment was fine. The goods arrived intact.
David Berney12 Aug 20244 min read