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Trade Finance
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Loamist Trade FinanceBuilt for enterprise trade finance teams

Export LCs, checked at 99%.

Purpose-built AI that checks letters of credit against UCP 600, examines documents for discrepancies, and monitors export fees. 99% pre-check accuracy, measured on live transactions with existing customers.

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LC-2026-0847 · Sample beneficiaryQueued
  1. UCP 600 articles validated47 rules checked
  2. Invoice, B/L, and packing list cross-referencedFull document set
  3. REACH and TSCA documentation alignedRegulatory set
  4. Advisory: Incoterms mismatch with carrier B/LReview recommended
Confidence score··
Sample examination of a fictional LC, LC-2026-0847: UCP 600 articles validated (47 rules checked), invoice, B/L and packing list cross-referenced, REACH and TSCA documentation aligned, and one advisory, an Incoterms mismatch with the carrier B/L. Result: clean, confidence score 99.8%.
99%
Pre-check accuracy, live
70%
Less effort per LC
UCP 600
Compliant
SOC 2
Type II certified
Explainer · Letters of credit

How a Letter of Credit works, and where Loamist checks it.

Plays on loop · fictional examples

How to sell goods abroad with a Letter of Credit, in four steps. A: you and the buyer agree to pay by Letter of Credit. B: the buyer's bank issues the L/C and promises to pay. C: the goods ship and you prepare the documents (invoice, bill of lading, certificates). D: Loamist checks every document against the credit before the bank does, so the bank pays. Without Loamist, 65 to 80% of first presentations are refused for discrepancies, adding at least 5 banking days per refusal plus extra fees. With Loamist, you find and fix discrepancies before you present, and the bank decides within 5 banking days. Sources: ICC Banking Commission, Technical Advisory Briefing No. 3 (2022); UCP 600, Article 14(b).

§ 01 · The challenge

70% of LC presentations contain discrepancies.

For large chemical and commodity exporters, that means delayed payments, re-rated freight, and eroded margins on every shipment.

30–45 daysDelayed cash cyclesDiscrepancies extend payment cycles by 30 to 45 days. Manual examination takes 30+ minutes per LC, and errors compound across hundreds of monthly shipments.
3–8%Freight spend lost to billing errorsMis-declared weights, incorrect Incoterms, and inconsistent documents drive re-rating, demurrage, and storage fees. Industry benchmark.
8+ docsPer shipment, all alignedREACH, TSCA, CEPA, CSCL, and GHS documentation must match commercial and transport documents. One mismatch triggers rejections and customs holds.
Before · as presented4 discrepancies
  • Commercial invoiceGoods description differs from 45A
  • Bill of ladingConsignee not to order of issuing bank
  • Packing listGross weight 24,690 kg vs 24,960 kg on B/L
  • Certificate of originMatches
  • Insurance certificateCover 100%, credit requires 110%
  • Bill of exchangeMatches
Rejected at the bank. Amendments, re-presentation, and 30+ days of delay.
After · checked by LoamistClean
  • Commercial invoiceCorrected before shipment
  • Bill of ladingCorrected before shipment
  • Packing listCorrected before shipment
  • Certificate of originMatches
  • Insurance certificateCorrected before shipment
  • Bill of exchangeMatches
Caught before shipment. Presented once, paid on schedule.
Built for

Exporters

Check LC terms before production and present clean documents the first time.

Issuing and advising banks

Examine presentations faster, with every finding traced to its rule.

Confirming banks

Assess documentary risk before adding your undertaking.

Forwarders and customs brokers

Prepare shipping instructions and declarations that match the credit.

§ 02 · How it works

From upload to bank presentation in 3 minutes.

Ingest.

Push LC and sales order data from your ERP or export documentation system. Loamist gathers the unstructured documents and structures them for validation.

Three steps, from upload to bank presentation in 3 minutes. Ingest: a stack of documents. Validate: a green check. Present: documents pass an arrow to a gold dot, the bank presentation.

§ 03 · Ways to work with us

Three ways to run it.

The same examination engine and the same 99% accuracy, delivered the way your team works.

Animation: an app window at app.loamist.com. Sidebar rows highlight in turn while five findings fill one by one; four get a green tick and one is flagged gold for review.

01 · Platform

The full-featured L/C app

Your team works in the Loamist app: upload a document set, review findings with the rule behind each one, draft compliant documents, and track every LC to presentation.

  • Examination, drafting, and fee monitoring in one workspace
  • Findings cite the document, field, and rule
  • Role-based access for your trade team

Animation: ERP and TMS send documents to the Loamist API (POST /v1/projects:import), and structured findings flow out to the bank and to document systems.

02 · API

Headless, via our API

Call the same examination engine from your own systems. Send documents from your ERP or TMS, get structured findings back, and keep your existing workflow.

  • REST endpoints with structured JSON findings
  • Connects to ERP, TMS, and banking rails
  • Webhooks when an examination completes

Animation: a line runs from You send (a stack of documents) through We examine to You receive, where a report appears with three green ticks.

03 · Full service

Run for you, by us

Send us the documents. Our team runs the examination, reviews the findings, and returns a clear report, so nothing reaches the bank unchecked.

  • Loamist examiners run and review every set
  • Reports returned on an agreed turnaround
  • No software for your team to adopt
§ 04 · Platform capabilities

Examination, screening, drafting, and fees, in one workspace.

Built for chemical and commodity exporters. Trade finance expertise and logistics validation, side by side.

Validate whether LC terms are achievable before committing production. Flags impossible conditions: tight shipment dates, unworkable document requirements, and conflicting clauses.

  • Classifies LCs as clean or unclean, with amendment suggestions
  • Cross-checks sales order data against LC terms
  • Identifies the top 10 discrepancy families before bank presentation

Examines invoices, bills of lading, packing lists, and certificates for consistency and UCP 600 compliance after shipment, before anything reaches the bank.

  • Detects name mismatches, date issues, and quantity discrepancies
  • Validates document completeness against LC requirements
  • Cross-document consistency checks across full document sets

Every finding cites the document, the field, the UCP 600 or ISBP rule, and your own practice. The full record is kept for compliance review and dispute resolution.

  • Click through from any finding to its source field
  • Log of every check, edit, and approval
  • Exportable record for auditors and counterparties

Loamist proposes, your examiners decide. Each discrepancy can be confirmed, overridden, or annotated, and every decision is logged.

  • Queue by deadline and priority
  • Confirm, override, or annotate each finding
  • Four-eyes approval before presentation

Parties, vessels, ports, and goods are screened as part of examination, alongside the discrepancy check.

  • Parties and vessels checked against global sanctions lists
  • Trade-based money laundering red flags, including price and route anomalies
  • Dual-use goods flagged by description and HS code

Track and audit freight invoices against shipment data. Catch re-rated charges, unexpected accessorials, and billing discrepancies before they compound.

  • Compares billed weights and counts against validated documentation
  • Flags Incoterms misalignment and carrier billing anomalies
  • Builds evidence packages for freight dispute resolution

Loamist fits into the systems you already run, so documents arrive and results leave without rekeying.

  • ERP and export documentation systems
  • SWIFT MT700 and MT707 intake
  • Email and shared-inbox ingestion
  • API and webhooks for downstream booking

Scans, photos, PDFs, and structured messages, in the languages your counterparties use.

  • Scanned and photographed documents
  • Multilingual document sets
  • Structured data out, in your schema
§ 05 · Document drafting

Drafted to match the credit, before anyone signs.

Loamist drafts the full document set from the LC and your sales order. Every field that the credit governs is filled to match it, and flagged where it cannot.

Document 01 / 11
Draft L/C applicationDraft
31D Expiry
15 Mar 2027, Valencia
44C Latest shipment
28 Feb 2027
45A Goods
24 MT polymer resin
46A Documents
6 required, all producible
Terms achievable
01

Draft L/C application

Draft the credit your buyer should open, with terms you can actually meet.

Commercial invoiceDraft
Seller
Kestrel Industries
Buyer
Meridian Polymer Trading
Goods
24 MT polymer resin, CIF Valencia
Amount
USD 412,800.00
Matches 45A and 32B
02

Commercial invoice

Values, descriptions, and Incoterms that mirror the credit word for word.

Packing listDraft
Packages
24 pallets
Net weight
24,000 kg
Gross weight
24,960 kg
Marks
KST / MPT / 0847
Consistent with B/L
03

Packing list

Packages, weights, and marks consistent with the invoice and B/L.

Bill of lading instructionsDraft
Shipper
Kestrel Industries
Consignee
To order of Northbridge Bank
Port of loading
Houston, USA
Freight
Prepaid
Consignee per 44 and 46A
04

Bill of lading instructions

Shipping instructions that produce a clean, compliant B/L from the carrier.

Bill of exchangeDraft
Drawee
Atlas Continental Bank
Tenor
At sight
Amount
USD 412,800.00
Drawn under
LC-2026-0847
Drawee per 42A
05

Bill of exchange

The draft drawn under the credit, with tenor and amount in agreement.

Certificate of originDraft
Exporter
Kestrel Industries
Origin
United States
HS code
3907.61
Certifying body
Chamber of commerce
Origin per 46A
06

Certificate of origin

Origin and HS details ready for chamber certification.

Insurance certificateDraft
Insured value
110% of CIF
Clauses
ICC (A)
Claims payable
Valencia, Spain
Currency
USD
Cover per 46A
07

Insurance certificate

Cover, clauses, and claims location exactly as the credit requires.

Beneficiary certificateDraft
Statement
Non-negotiable set sent to applicant
Within
3 days of shipment
Signed by
Kestrel Industries
Reference
LC-2026-0847
Wording per 46A
08

Beneficiary certificate

Statements the credit asks the beneficiary to certify, worded to comply.

Export customs declarationDraft
Exporter
Kestrel Industries
HS code
3907.61
Value
USD 412,800
Destination
Spain
Aligned with invoice
09

Export customs declaration

Declaration data aligned with the commercial set and the credit.

Regulatory packDraft
SDS
Rev. 4, EN and ES
REACH
Registration on file
TSCA
Positive certification
GHS label
Matches SDS
Aligned with goods
10

Regulatory pack

SDS, REACH, TSCA, and GHS documents aligned to the commercial set.

Instructions to third partiesDraft
To
Oceanline, forwarder
Vessel
As booked
B/L wording
Per LC 46A, clause 2
Deadline
22 Feb 2027
Every party, one source
11

Instructions to third parties

Clear instructions for forwarders, carriers, inspectors, and insurers.

Examples use a fictional transaction: Kestrel Industries to Meridian Polymer Trading, LC-2026-0847
§ 06 · Return on investment

Present clean the first time. Get paid on schedule.

70%Less effort per LC, measured with a live client
3–8%Freight spend lost to billing errors, industry benchmark
99%Pre-check accuracy on live transactions
<4 wkTime to production deployment

What a discrepant presentation costs you.

For exporters processing 100+ LCs a month, Loamist typically pays for itself within the first quarter through fewer discrepancy delays and recovered freight costs. Model your own portfolio.

200
Typical: 40 to 500+
1.2
Typical: 1.0 to 2.0
$300,000
Typical: $150k to $750k+
40%
Industry average: 30% to 80%
8%
Typical: 6% to 12%+
Total annual discrepancy cost $273,199 96 discrepant presentations × $2,846 each
Direct bank and documentation
$500
Financing cost of delayed payment
$1,381
Commercial and operational
$965
Fixed: discrepancy, amendment, and re-documentation fees $150 each · SWIFT $50 · 21 days to cure · 1.0% buyer concession on 30% of discrepancies · 1 staff hour at $65

With 99% pre-check accuracy, most of this cost never reaches the bank.

Run a free LC check
§ 07 · Security and compliance

Security. Just the facts.

Read the cybersecurity whitepaper →
AICPA SOC 2
SOC 2 Type IIAudited by an independent third party for security, availability, and confidentiality.
0
Zero data retention AIModel providers keep none of your documents, and none of them train their models.
1:1
Client logic, fencedWhat Validator learns from you is assigned to you and never trains the general model.
RBAC
Role-based accessYour team sees what their role allows, with every action logged for audit.
§ 08 · From the blog

Notes from the examiner's desk.

All posts →
70% Less Time per Letter of Credit: What a Documentation Team Does With the Hours BackA Validator client cut effort per letter of credit by around 70%. With routine review handled, examiners moved to exceptions, cargo strategy and advice.Read post → Client Logic, Fenced and Owned: Whose Data Is It, and Where Does It Go?What Validator learns from a client, corridor rules, counterparties and standards, is assigned to that client as IP. Never trains the general model.Read post → Explainability Means Credibility: an L/C Finding You Cannot Trace Is One You Cannot TrustA flagged discrepancy with no reason makes the examiner redo the work. Validator cites the document, the field, the UCP 600 or ISBP rule, and your practice.Read post →
§ 09 · Start

See it on your own LC.

A 30-minute walkthrough on your own documents. No commitment.

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