Issue import and export letters of credit and accept payments.
What does a Letter of Credit Clerk do?
Issues import and export letters of credit and accepts payments: Notifies exporters and importers of issuance of letters of credit covering shipment of merchandise. Reviews letter of credit documents to determine compliance with international standards. Verifies terms of credit, such as amount, insurance coverage, and shipping conditions to determine compliance with established standards. Coordinates customer credit information and collateral papers with LOAN OFFICER 186.267-018 to comply with bank credit standards. Types letters of credit and related documents, using typewriter or computer. Records payments and liabilities and other customer account information, using computer. May translate correspondence into English or foreign language.