LC Intelligence, AI-Backed

The Itimad is an
LC intelligence platform,
powered by AI.

It reads your letter of credit, examines every presentation document against UCP 600 and ISBP 821, and returns a graded report — each finding with the rule behind it and the fix.

52
Deterministic checks
13
Document types
UCP 600 · ISBP 821
Rule sets applied
Commercial Invoice — extract
Invoice No. INV-40217
Description Cotton fabric, 100% polyester yarn count 40s
Quantity 12,000 metres
MAJOR UCP 600 · Art. 18(c)

Goods description omits contract wording present in the LC's field 45A.

Remedy: amend the invoice description to mirror the credit exactly.

Illustrative example — every finding carries a citation and a remedy

The Problem

Most presentations fail the first time.

Between 65% and 80% of first presentations are rejected for documentary discrepancies — ICC Banking Commission. Not because the goods are wrong. Because a date, a description or a signature did not match what the credit asked for.

01

The credit is read once

Field 46A lists required documents in prose, not as a checklist. What it actually requires is easy to miss until a bank examiner finds it.

02

Examination varies by examiner

Two reviewers apply UCP 600 differently. The outcome depends on who is on shift, not on what the documents actually say.

03

The bank finds it, not you

By the time a discrepancy surfaces, the fee is charged, the courier has run, and the clock on payment has restarted.

Each rejection means bank charges, re-preparation, a second courier run, and weeks added to a payment you have already shipped against.

The Platform

Not a checklist. A rule engine with an AI layer on top.

52 deterministic checks run as pure code — the same inputs produce the same findings, every time. The AI layer examines what code cannot: signatures, presentation practice, wording that is technically present but wrong in substance.

01

Deterministic first

Parsed LC fields override AI-extracted values. An AI finding that contradicts a code-verified pass is dropped before you ever see it. The system does not guess.

rule: deterministic_pass > ai_finding
02

Every finding cites its rule

FATAL, MAJOR or MINOR — each with the UCP 600 article or ISBP 821 paragraph behind it, and the remedy.

UCP 600 · Art. 14(c)
03

Reads the credit, builds the checklist

Field 46A is parsed into a required-documents list. Non-standard documents the credit demands appear automatically alongside the 13 standard types.

field: 46A → checklist
04

Two readers, not one

An independent AI vision read is corroborated against the document parser. Where the two disagree, the field is flagged for a human — not resolved by guesswork.

parser ≠ vision → confidence ↓
05

Nothing read is silently dropped

Every field a check depends on is surfaced with a confidence level. A field the system could not read is shown to you, not omitted.

confidence: low → review queue
06

Repeatable

The same document set produces the same report on re-run. An examination you can defend, no AI hallucination.

same docs → same results
How It Works

From credit to submission, in five steps.

01 · Terms Review

The credit is read field by field.

The required-documents checklist is built from Field 46A, with Article 14(h) non-documentary conditions flagged.

02 · Document Check

Upload the presentation set.

Every rule set runs against every document — the 52 deterministic checks and the AI review layer, side by side. Each extracted field carries a confidence score built from 14 verification techniques; anything below threshold is masked rather than shown as fact, and the examiner confirms, corrects, or marks it not present before the step can close.

03 · Resolution

Correct, amend, or accept.

Correct the document and re-check, route an MT707 amendment, or record buyer acceptance. Every outcome is recorded against the finding.

04 · Final Check

Clean, only when every finding is closed.

The presentation is CLEAN only when every discrepancy has a recorded outcome. Otherwise: DISCREPANT, INCOMPLETE, or LC AMENDMENT REQUIRED.

05 · Submission

One package, ready for the counter.

A single branded PDF — cover letter plus every document in presentation order.

Before issuance

Upload the sales contract and the system drafts an MT700-structured LC, with a rationale for every document it asks for in Field 46A — so problems are designed out before the credit is even issued.

The Rule Book, Embedded

Applied, not referenced.

Every finding is checked against the current edition of each rule set — nothing is applied from memory or a stale copy.

UCP 600

Uniform Customs and Practice for Documentary Credits. The examination standard every finding is checked against.

ISBP 821 (2023)

International Standard Banking Practice, current edition. ISBP 821 supersedes ISBP 745 — the system applies the current edition.

Incoterms 2020

All 11 terms.

EXWFCACPTCIPDAPDPUDDPFASFOBCFRCIF

Document classification

Every document is read and categorised by type — structured, tabular, or scanned — and by whether it arrived as part of a bundle or individually, before any rule is applied.

Findings graded by severity

Every discrepancy is graded FATAL, MAJOR or MINOR against ICC convention, with the exact UCP 600 article or ISBP 821 paragraph and the remedy attached.

Discrepancies shown in context

Findings are highlighted directly on the document where the rule was breached, not just listed in a separate report.

Updated as the ICC and industry bodies revise the rule sets — no manual maintenance required.

Who It's For

Built for the desk you're already at.

Exporters without an LC specialist

You ship. We examine.

A few LCs a year, no one in-house who does this daily. We run the check and hand you a bank-ready presentation.

Talk to us →
Corporate trade desks

A second reader that never varies.

Your team keeps its workflow. The system runs in parallel and catches what a shift change or an absence would otherwise cost you.

Talk to us →
Introducers

Your clients are losing money on every rejection.

Accountants, freight forwarders and consultants who already hold the exporter relationship. One question qualifies it: do your buyers pay you under a letter of credit?

Partner with us →
Two ways to run it: we operate it for you, or your team operates it. Same engine.
What It Costs You

A discrepancy is never just the bank fee.

Move the sliders to see the full financial impact of a bank-identified discrepancy — interest on delayed payment, bank fees, and operational cost.

LC Discrepancy Cost Calculator
Total loss per LC
AED 0
% of LC value
Interest-equivalent days
At 5% gross margin
Breakdown
Financial Cost
Interest on delayed payment ( days @ % p.a.)
Bank Charges
discrepancy fee × AED
Operational Cost
Staff time — hrs × AED /hr
Re-submission courier
Total loss per LC
Annual Impact
across 24 LCs per year
Cost Composition
Interest cost
Bank fees
Operational
Interest cost reflects the financing charge on the LC value during the payment delay. AED/USD: 1 USD = 3.6725 AED (fixed peg).
Defaults reflect published UAE bank trade tariffs and typical mid-market terms. Change any input to match your own.
Get In Touch

Send us one LC set.

We'll run it and show you what comes back. No presentation, no funnel — a report on your own documents.

The Itimad Technologies Limited
Level 3, Innovation One, DIFC, Dubai, UAE

Ready when you are.

A reply from a senior trade finance professional, typically within one business day.

Based in Dubai, UAE · Response within 1 business day