Demo transaction
LC-1042 · 1121 Sella basmati rice
Mundra → Jebel Ali
On track
On track
Booking ETD 12 Dec, ahead of the LC latest shipment date of 15 Dec.
AI execution for the next generation of exporters, freight forwarders and trade finance teams.
LC
In sync
RCAC
In sync
Invoice
In sync
Packing list
In sync
Booking
In sync
Draft B/L
In sync
One shipment, thirty organizations
≈30 organizations.200+ interactions.One shipment.
Maersk estimate, 2014.
- Buyer
- Issuing bank
- Advising bank
- Carrier
- Forwarder
- Customs broker
- APEDA
- Plant quarantine
- Fumigation agency
- Inspection agency
- Chamber of commerce
- Terminal
How it breaks
A shipment's paperwork rarely fails all at once
30 OctDemo transaction · LC-1042 Latest shipment (44C)15 DecRCAC window · 45 days, cannot be extendedNot issued yetPresentation · 21 days after shipment5 JanLC expiry (31D)5 JanDates are read from the LC: fields 44C and 31D.
30 Oct
The LC arrives
The LC allows shipment until 15 Dec and expires on 5 Jan, with 21 days after shipment to present documents. Every date reads calm.
2 NovDemo transaction · LC-1042 Latest shipment (44C)15 DecRCAC window · 45 days, cannot be extendedabout 17 DecPresentation · 21 days after shipment5 JanLC expiry (31D)5 JanThe registry fixes the RCAC window. It cannot be extended.
2 Nov
The registry issues the RCAC
Its 45-day window runs to about 17 Dec. Unlike the LC, the window cannot be extended.
18 NovDemo transaction · LC-1042 Latest shipment (44C)15 DecRCAC window · 45 days, cannot be extendedabout 17 DecPresentation · 21 days after shipment5 JanLC expiry (31D)5 JanLC
5,000 bags
Shipping instructions
5,000 bags
Packing list
4,800 bags
Earlier count
No one has noticed the packing list is out of step.
18 Nov
The quantity is retyped
The shipping instructions now say 5,000 bags. The packing list still says 4,800. Nothing flags the gap.
3 DecDemo transaction · LC-1042 Latest shipment (44C)At risk · 15 DecRCAC window · 45 days, cannot be extendedAt risk · about 17 DecPresentation · 21 days after shipment5 JanLC expiry (31D)5 JanPredicted departure 17 Dec–21 Dec
LC
5,000 bags
Shipping instructions
5,000 bags
Packing list
4,800 bags
Stale, caught
3 Dec
The vessel runs late upstream
The predicted departure becomes 17 Dec–21 Dec. The LC date and the RCAC window both turn bad, and someone starts emailing five parties.
What the record says
Paperwork is where trade finance quietly loses time
65–80%
of documents are refused on first presentation under documentary credits.
ICC, 2022
49.9%
Global schedule reliability, August 2026.
Sea-Intelligence, 2026
6.81 days
Average delay for late vessels, August 2026.
Sea-Intelligence, 2026
Up to 1/5
Documentation cost versus physical transport cost.
Maersk, 2014