Join the 18,950 other exporters who get the latest export news, tips and insights from export professionals.

Subscribe to Email Updates

Chris Lidberg

Ms. Chris Lidberg is an independent consultant in the area of international banking and Letters of Credit. Ms. Lidberg has more than 25 years of international banking experience, most recently as Vice President at U.S. Bank where she was part of the International Trade Services Division. She was responsible for selling the bank's international products to both customers and prospects, and conducting Letter of Credit seminars.

During her 25 years in banking, 15 of those years were spent in the Letter of Credit area, holding various supervisory positions, later to manage the Letter of Credit department. MS. Lidberg went on to become the manager of International Operations where she was responsible for managing not only Letters of Credit, but also International Collections, Money Transfers, Cash Letters, Investigations and all Telex and SWIFT activities for the bank. Ms Lidberg is currently partnering with U.S. Bank to provide full day Letter of Credit seminars.

Articles Written By Chris Lidberg

Export Finance: Why Does It Take So Long to Get Paid?

Chris Lidberg | October 15, 2018 | Export Finance

You have shipped your product, payment is due, and the buyer claims they have made payment. As far as you can see, however, nothing has happened.

Does this sound familiar? I hope not, but if it does, let’s take a look at what might be causing the delay.

Read More

Two Alternatives to a Back-to-Back Letter of Credit

Chris Lidberg | April 10, 2017 | Export Finance

In one of my previous articles, I wrote about back-to-back letters of credit (LC) and how banks, particularly in the United States, just don’t have an appetite for that type of business. This article is going to discuss two alternative to using back-to-back LCs.

Read More

Getting the Export Letter of Credit That You Want

Chris Lidberg | June 24, 2016 | Export Finance

In a previous article, I wrote about selecting the appropriate payment term for your export sales. Let’s just assume that you’ve gone through the process of evaluating both the buyer’s creditworthiness and the country risk, and after a lot of research you've decided that the letter of credit (LC) is the way to go. Great!

Of course you don’t want just any old letter of credit. You want an LC that will best suit your needs, and that includes terms and conditions with which you feel confident that you will be able to comply. The best way for this to happen is to tell the buyer how you would like them to issue the letter of credit.

Read More

Deciding on Appropriate Export Payment Terms

Chris Lidberg | April 22, 2016 | Export Finance

An important part of an international sale is determining payment methods. The major options include cash in advance, collections, letters of credit or open account.

It can take a lot of time and effort to make this decision, but every minute you invest in this decision can mean the difference between money in the bank or writing off bad debt.

Read More

A Second Alternative to a Back-to-Back Letter of Credit

Chris Lidberg | December 21, 2015 | Export Finance

My last article covered transferable letters of credit (LC) and how they may be a more acceptable alternative to a back-to-back letter of credit. This article is going to cover another alternative: an Assignment of Proceeds.

Read More

Finding a Bank for a Back-to-Back Letter of Credit May Be Difficult

Chris Lidberg | October 26, 2015 | Export Finance

If you ever want to send a chill down the spine of your banker in the United States, just mention the phrase “back-to-back letters of credit.”

Read More

Dealing with Discrepancies under Letters of Credit

Chris Lidberg | June 4, 2006 | Import Basics, Export Finance
Try as hard as you might, it is not uncommon to receive a call from your bank telling you that they have checked documents against your letter of credit (LC) and that discrepancies have been cited. If you’re an importer and you waive the discrepancy, either the payment process or the acceptance process will begin depending on the tenor of the draft.

Read More

Export Letters of Credit: When is a Condition Not a Document?

Chris Lidberg | March 12, 2006 | Export Finance

I’m sure everyone, at some point in their lives, experiences a situation where they can see the solution with crystal clarity when others see nothing but confusion. I had my moment of clarity when the UCP 500 was first published and I read Article 13c.

It reads: “If a credit contains conditions without stating the document(s) to be presented in compliance therewith, banks will deem such conditions as not stated and will disregard them.”

Read More

When Is an Amendment Not an Amendment?

Chris Lidberg | January 22, 2006 | Export Finance
Once a letter of credit (LC) is issued and the beneficiary has had a chance to review the document, the need for an amendment may become apparent. Or perhaps the applicant realizes they made an error when they completed the application after the letter of credit has already been issued. Whatever the circumstances may be, it isn’t unusual for someone involved in a transaction to need to amend an existing letter of credit.

Read More

International Letter of Credit: What Constitutes a Discrepancy

Chris Lidberg | September 1, 2003 | Export Finance

The Uniform Customs and Practice for Documentary Credits (UCP) is published by the International Chamber of Commerce and was revised in 1993 and put into use January 1, 1994. The purpose of the UCP is to clarify gray areas that may appear in a letter of credit and to help banks interpret conditions in the letter of credit in a consistent manner.

However, as anyone who has ever worked with a letter of credit knows, there is plenty of disagreement between all parties concerned. Banks, account parties, and beneficiaries can all disagree about what complies and what does not comply when the shipping documents are checked against the terms of the letter of credit.

Read More