Purpose-built AI that checks letters of credit against UCP 600, examines documents for discrepancies, and monitors export fees — reducing manual processing from 30 minutes to under 3.
70% of LC presentations contain discrepancies. For large chemical and commodity exporters, this means delayed payments, re-rated freight, and eroded margins across every shipment.
LC discrepancies extend payment cycles by 30-45 days. Manual examination takes 30+ minutes per LC, and errors compound across hundreds of monthly shipments.
30-45 day payment delaysMis-declared weights, incorrect Incoterms, and document inconsistencies drive freight re-rating, demurrage, and storage fees. Industry data shows 3-8% of freight spend is lost to billing errors.
$12B annual disruption costsREACH, TSCA, CEPA, CSCL, and GHS documentation must align perfectly with commercial and transport documents. A single mismatch triggers rejections and customs holds.
8+ docs per shipmentLoamist's AI workflows ingest your LC and supporting documents, validate them against UCP 600 and your internal rules, and deliver structured, presentation-ready data.
Push LC and sales order data from your ERP or export documentation system. Loamist aggregates unstructured documents and structures them for validation.
Proprietary deep learning models cross-reference documents against UCP 600, ISBP rules, bank-specific conditions, and your internal playbook. Flags discrepancies and suggests amendments.
Delivers validated, structured data to your ERP and banking rails. Generate LC-compliant document drafts and instructions to third parties using GenAI.
Purpose-built for chemical and commodity exporters. Combines trade finance expertise with logistics validation in a single workspace.
Validate whether LC terms are achievable before committing production. Flags impossible conditions — tight shipment dates, unworkable document requirements, and conflicting clauses.
Examines invoices, B/Ls, packing lists, and certificates for consistency and UCP 600 compliance after shipment — catching discrepancies before they reach the bank.
Classify LC transactions and automatically generate draft LC-compliant documents, templates, and instructions to third parties — reducing discrepancies at the source.
Track and audit freight invoices against shipment data. Detect re-rated charges, unexpected accessorials, and billing discrepancies before they compound.
Loamist positions export documentation automation as a growth lever — enabling your team to process more LCs, collect cash faster, and protect margins.
For exporters processing 100+ LCs per month, Loamist typically pays for itself within the first quarter through reduced discrepancy-related delays and freight cost recovery.
Estimate how much discrepant document presentations are costing your export operation each year. Adjust the inputs below to model your portfolio.
Loamist can reduce your discrepancy rate to under 10% — cutting this cost by up to 85%.
Try Free LC CheckYour trade finance data requires the highest level of protection. Loamist is built to meet enterprise security and compliance requirements from day one.
Loamist has completed SOC 2 Type II certification, independently verified by a third-party auditor. Your trade data is protected to the highest standards of security, availability, and confidentiality.
Join forward-thinking exporters who process more LCs, collect cash faster, and protect margins on every shipment. See Loamist in action with a live demo on your own documents.
No commitment required · 30-minute personalized walkthrough · See results on your own LC data