Export management
The company manages the export between the U.S. supplier and the foreign buyer.
Florida LLC
The Little Venice Institute LLC, U.S. Export Management Company
The company intermediates exports of U.S. agricultural commodities to Latin America and structures those transactions for the USDA GSM-102 Export Credit Guarantee Program. The buyer’s foreign bank issues the letter of credit. That bank must be approved for GSM-102.
What the company does
Five services, one role: export management. The company is not a lender, not a bank, and not the Commodity Credit Corporation.
GSM-102 structuring
The sale is organized around a letter of credit from the buyer’s foreign bank, for the GSM-102 framework.
Supplier sourcing
The company looks for U.S. suppliers of grains and other agricultural commodities.
Logistics coordination
Movement from the U.S. supplier toward export is coordinated with the documents.
Documentation
Commercial documents named in the contract and the letter of credit are assembled and reconciled.
Who this site is for
A plain account of the company and of the program structure it uses.
USDA FAS analysts
The legal name, manager, SAM UEI, and CAGE are published here for exporter qualification review.
Foreign buyers
A purchase of U.S. agricultural commodities is coordinated, and the buyer’s bank issues the letter of credit.
Banks
The letter-of-credit path follows the public GSM-102 framework. Approval of a foreign bank is a Commodity Credit Corporation decision.
U.S. suppliers
Sourcing, documents, and logistics coordination sit with the export management company.
GSM-102, in brief
GSM-102 is the USDA Export Credit Guarantee Program. The Foreign Agricultural Service administers it for the Commodity Credit Corporation. In short, a foreign bank approved for the program issues a dollar-denominated irrevocable letter of credit, and a CCC payment guarantee can cover specified amounts if that bank defaults. USDA FAS describes coverage of credit terms of up to 18 months, with maximum terms that may vary by country. Current terms are the ones FAS publishes.
The name
Little Venice (Pequeña Venecia) was the first name given to what is today Venezuela. Venezuela means little Venice. In this legal name, Institute means institutional rigor, compliance, and trusted trade structuring. The company is an export management company, not a school or a training institute.
Qualification and commercial inquiries
USDA FAS analysts, foreign buyers, banks, and U.S. suppliers may write to the company using the contact page.