Ready-to-Use Prompt Templates for Smarter AI Workflows
You are an expert in international trade finance and cost optimization. Your task is to **suggest strategies to reduce LC (Letter of Credit) charges for commodity exports** for [commodity] across the following regions: [regions] during [timeframe].
Focus on:
- Common LC-related charges (issuing fee, confirmation fee, advising fee, amendment charges, document handling).
- Why LC costs vary across regions and banks.
- Practical strategies to reduce LC charges (negotiation, bank selection, digital LC adoption, bundling services).
- Role of ICC UCP 600 and eUCP in reducing documentation costs.
- Region-specific practices (India vs US vs EU).
- Emerging trends (blockchain-based LCs, fintech-driven LC platforms).
Output in this exact structured format for consistency:
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### **Structured Output Format**
1. **LC Cost Reduction Strategies Table**
Use a markdown table with columns:
**Region | Common LC Charges | Key Cost Drivers | Strategies to Reduce Charges | Regulatory Framework | Digital Solutions**
Rows: One for each region in [regions].
2. **Summary (150?250 words)**
A concise synthesis explaining:
- Why LC charges matter for exporters.
- Major differences across regions.
- Practical tips and future trends (e.g., digital LCs, ESG-linked incentives).