Letter of Credit
Go to: Export Documents → Letter of Credit
A Letter of Credit (LC) is a payment guarantee issued by a buyer’s bank. ERPX allows you to manage LCs, parse them with AI, and generate all required compliant documents automatically.
Creating a Letter of Credit
Open LC Form
Navigate to Export Documents → Letter of Credit and click New.
Fill in LC Details
| Field | Description |
|---|---|
| LC Number | Unique LC reference from the issuing bank |
| Proforma Invoice | Link to the relevant proforma invoice |
| Customer | The buyer |
| Issuing Bank | The bank that issued the LC |
| Advising Bank | Your bank receiving the LC |
| LC Amount | Total value of the LC |
| Expiry Date | LC expiry date |
| Latest Ship Date | Latest date goods must be shipped |
| Port of Loading | Departure port |
| Port of Discharge | Destination port |
Upload LC Document
Attach the original LC PDF or scanned document.
AI-Powered LC Parsing
Go to: Letter of Credit → Parse LC with AI
ERPX’s AI can read the LC document and extract all fields automatically:
- Upload the LC PDF to the record.
- Click Parse LC with AI.
- The system reads the document and fills in all fields.
- Review and correct any extracted values.
- Save.
AI parsing significantly reduces the time and errors associated with manual data entry from complex LC documents.
Generating LC Documents
Go to: Letter of Credit → Generate Documents
Once the LC is created, ERPX can generate all required export documents compliant with the LC terms:
- Commercial Invoice
- Packing List
- Certificate of Origin
- Bill of Lading draft
- Any other required document types
Click Generate Documents and select which documents to create. The system populates them from the LC terms and linked proforma invoice.
Pending LC Actions
Go to: Export Documents → Reports → Pending LC Actions
View all LCs that require attention — missing documents, approaching expiry dates, or outstanding presentations.