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The Demand for Bank Guarantee Facility

An African buyer got a business proposal for to supply of Renault Cars. They tried their best to find a good supplier on their own terms. Finally, they found a seller from Dubai – UAE. To begin with this deal, the seller asked the buyer to provide a BG MT760. This is to assure the seller that the buyer will oblige to the payment terms, as per the agreed contract. Further, the buyer went to their banks to get the BG MT760. But as they don’t have the credit lines, the banks declined their request.

Challenges to Avail Bank Guarantee Facility

As the banks were not ready to provide the MT760, the buyer consult with their trade finance advisor to find a solution. In today’s globalized world, trade finance is no longer a subject for the sole domain of banks. As per their advice, the buyer looked for BG providers. While they search online, they came across our YouTube video on “How to Avail Bank Guarantees”. Our video was a great help to them and they decided to contact us with their BG MT760 request.

Submit Your MT760 Request to Us

How We Provide the Bank Guarantee Facility

We provide trade finance services that include Letter of Credit, Standby LC, and Bank Guarantees. Our services are available to companies and individuals. After receiving the BG’s request, our team did a careful study on their car deal. Since their deal complied with all our terms, we agreed to extend our credit lines on their behalf. The buyer signed the service contract and paid the service charges to proceed with their BG request. We then start work on their car deal with our bank and provide the BG draft for their review. The client visited our office to approve the BG MT760 draft and to pay the BG issuance fee. Then, we asked our bank to issue the MT760 on their behalf and in favor of their seller by using our own facilities. Finally, they issued the required BG to the seller’s bank account.

Bank Guarantee Providers

If you’re in need of a BG MT760 for your future trade deals or projects, then you can contact us with your MT760 request. Our trade finance experts can assist you to get the Bank Guarantees from good repute banks without blocking your own cash funds. Our clients include Fortune 500 companies and emerging businesses. We are located in Dubai, UAE with offices in London, UK.

The post Bank Guarantee Facility for an African Buyer to Import Cars from Dubai appeared first on Bronze Wing Trading llc.

What is Documentary Letters of Credit?

Documentary Credit or Letter of Credit is issued by the buyer’s bank in favor of the supplier to assure that the payment will be made, once the seller submits the shipping documents. By acting as a credit certificate for buyers, LC at Sight builds trust between buyers & sellers. By understanding the benefits of LC, nowadays, most of the global trade transactions are occurring using LC Payment Term. Below is one of our success stories in helping a Chinese trader to import Chicken Paws from Brazil using LC at Sight.

Know the Process to Open MT700 at ZERO Collateral – Click Here

Buyer’s Requirement of Documentary Credit

Since the demand for Chicken Paws is at its peak in China, the buyer decided to use this time to do some imports. They planned to import the paws from overseas sellers & resale them to the local market. So, they searched for the seller and find the best one from Brazil. The Brazilian seller offered the best quote for the buyer. But to proceed with the import, the buyer didn’t have enough cash funds in their hands; so they discussed with the seller to import the goods without making advance payments. Since the buyer was unknown, the seller didn’t want to take any risk. So, he asked the buyer to provide a Letter of Credit which assures that the payment for the supplied goods will be made right after the shipment. The buyer agreed to the seller’s demand and started looking for ways to get MT700.

Buyer Contacted Us with the Documentary Credit Request

The buyer’s MT700 request was declined by their bank due to a lack of cash funds to provide a cash margin. So, they looked out for other options to avail Sight LC. While searching online for the International Trade Finance Company, the buyer found us & submitted their MT700 request to us. Also, the buyer called us via phone to discuss their requirement. Since the buyer urgently required Import LC to import chicken paws, we put their Letters of Credit transaction on our utmost priority list & provided the proposal within a day. Since our proposal was well explained & the charges were nominal; the buyer signed the agreement with us & paid the admin charges to block the bank limit.

Get a FREE Quote for your Import LC Requirement – Click Here

Our Role in Providing Documentary Credit

As the next step, we structured their MT700 transaction with our bank based on their Chicken Paws deal and provided the LC MT700 draft along with the Bank Name and other details for the buyer’s review. Since the buyer had few doubts about the draft, they called us to discuss further. Hence, we arranged a video call via Google Meet and explained each & every clause in the draft to the buyer. Also, we explained the Letters of Credit Process such as – when the buyer needs to make the payment & when the seller can claim the LC, etc. Further, this made the buyer feel satisfied; and then, they proceed with the payment of LC issuance fee charges. After receiving the issuance fee, we instructed our bank to issue the required LC at Sight from our Bank Account in favor of the seller via SWIFT MT700.

The buyer conveyed their thanks to us for our timely service in issuing the required SWIFT  MT700 at ZERO Cash Margin. With the issued LC, the seller started the shipment of Chicken Paws instantly.

How to Open Documentary Credit?

If you’re in need of LC at Sight from Good Repute Banks, you can contact us with your LC request. Since we have our own credit lines, we can support you to conclude your deals on time in a hassle-free way. Contact us now to discuss your Documentary Credit requirement in detail!

The post Issuance of Documentary Credit for a Chinese Buyer to Import A+ Chicken Paws from Brazil appeared first on Bronze Wing Trading llc.

Buyer’s Requirement

The outbreak of COVID-19 led to a major reduction in the production of oil & gas in Nigeria. Hence, to meet the emerging demand for gas oil, the buyer from Nigeria decided to import gas oil from overseas and supply it to the local market to earn some profits. So, they searched for suppliers of AGO and found the genuine one from Alibaba B2B Portal. 

The buyer explained their requirement to the seller. And then, they agreed to supply the required amount of gas oil.  Since the buyer was struggling with liquidity and cash shortage; they were unable to proceed with the purchase of AGO. So, the buyer discussed with the seller; and they both agreed to use Standby LC to conclude their AGO deal. As SBLC MT760 provides a payment guarantee, the seller was ready to supply the gas oil without getting upfront.

Challenges Faced by the Buyer

To get the Standby LC, the buyer contacted their bank. Since their bank required a 100% cash margin to issue the SBLC MT760. But the buyer didn’t have enough cash funds; so, they can’t able to comply with their bank norms. Further, they searched for some other options. Finally, via referral, they contacted Bronze Wing Trading, the SBLC Providers in Dubai with their SBLC request.

Get Standby LC at ZERO Cash Margin – Click Here

Solution Provided by Us

Being the SBLC Providers in Dubai, we analyzed our client’s SPA of gas oil and approved their SBLC request. Since we didn’t ask for any cash margin, the client felt very much satisfied to work with us. And then, they visited our office in Business Bay, Dubai to sign the service agreement & pay the admin charges.

Our team started working on their SBLC transaction with our bank by blocking our bank limit & structured their SBLC draft with our bank. Then, we sent the SBLC draft for the client’s approval to verify whether it was done as per the client’s requirement. Further, they verified the draft and conveyed their approval to us. Finally, we instructed our bank to issue the required SBLC as per the approved draft to the seller’s bank via SWIFT MT760.

Client’s Satisfaction

Since we extended our trade finance support on behalf of the client to conclude their gas oil import deal; they felt very happy and conveyed their heartfelt thanks to us. Also, they informed us that they will stand as an envoy in Nigeria to promote our trade finance services to the trader’s community.

This is how we assisted one of our clients in availing Standby LC in just 2 days in favor of their seller in Russia without pledging cash margin!

Are you in need of a Standby LC to import goods from overseas? Contact Standby Letters of Credit Providers in Dubai with your SBLC request & get a FREE Quote in just 24hrs!

The post Standby Letter of Credit Providers in Dubai Facilitated MT760 for Gas Oil Import appeared first on Bronze Wing Trading llc.

Doing global trade transactions can be risky for sugar traders, as they usually deal with buyers & sellers from different legal jurisdictions. Also, this increases the risks of both parties such as non-payment for the supplied goods; which leaves the seller with lengthy waits to recover the payment. Also, on the other hand, the supplier’s negligence in complying with rules will end with the buyers with large fines and tariff bills. So, to secure your trade deals from the risks involved, most of the traders are using Standby LC, as their payment term.

Requirement of Trade Finance in Dubai

UAE has witnessed a growing demand for sugar this year. By knowing the emerging demand, a UAE buyer decided to earn some profits by importing sugar from overseas and supply to the local market. So, they searched for the Sugar supplier via portals. As a result, they have chosen the one from Brazil. Since the buyer required 600,000MT of sugar, the seller agreed to supply them 50,000 MT.

As both the buyer and seller were well aware of the risk involved in global trade deals; they both agreed to use Trade Finance to conclude their sugar transaction.

Get a Standby Letter of Credit at ZERO Collateral – Apply Now!

According to their agreement, the buyer needs to provide a Standby Letter of Credit from a rated bank to the seller’s bank account. On the other hand, after receiving the SBLC, the seller has to provide a performance bond of 2% value of the contract to the buyer’s bank. And then, after the shipment of sugar to the buyer’s port, the seller has to submit all shipping documents to the buyer’s bank for confirmation & payment. So, they can receive the payment within 5 working days.

Since the buyer and the seller mutually agreed on all the above terms; they signed the SPA to conclude the sugar import using SBLC MT760.

Buyer Availed Trade Finance in Dubai

To get Standby LC, the buyer contacted their bank. But the bank was ready to lend their help to the buyer upon 100% cash margin, additionally its charges. Already, the buyer faced financial crashes in their running business; so they can’t able to arrange the liquid cash to provide cash margin for the issuance of SBLC MT760. So, they searched for the solution and finally came to BWT, the genuine provider of Trade Finance Services in Dubai.

Standby LC to Import Goods on Credit Basis – Get Free Quote!

Within the very first day, we approved their SBLC request as the Buyer complies with all our terms and conditions. Since the buyer wanted to conclude the deal on an urgent basis, so, they signed the service agreement. Also, they paid the admin charges on the same day. Also, we worked with our bank in regards to their sugar deal and provided the MT760 draft for their review. And then, the buyer approved the MT760 draft with the consent of their supplier and paid the issuance fee charges. Then, within the next 24hrs, the seller’s bank received the MT760 on behalf of the buyer from our bank account.

The Successful Deal Conclusion by Availing Trade Finance in Dubai

With the issued Standby LC, the seller started the first shipment of sugar (12,500 MT) packed in 50kg bags via sea freight. And then, the buyer received the sugar & started supplying it to the local market & earned handsome profits. Finally,  the buyer conveyed their heartfelt thanks to Bronze Wing Trading stating as follows, “Thank you, Team! You did a great job in helping me to get an SBLC from a good-rated Bank. Also, the help which you did in this COVID crisis is really great!”

This is how we, the genuine SBLC Providers in Dubai have assisted a UAE trader to import Sugar from Brazil using SBLC MT760.

Get Trade Finance in Dubai

If you’re looking to get a Standby LC at ZERO Cash Margin, contact us today! Our team of trade finance experts can assist you with your SBLC request & get it issued from International Repute Banks in just 2 days.

The post UAE Buyer Imported Sugar from Brazil by Availing Trade Finance in Dubai appeared first on Bronze Wing Trading llc.

The Client’s Requirement for LC Issuance:

Our client is running an automobile showroom in Sudan. To expand their product line, they wanted to import new model cars which are on-demand in the current market. Further, while doing research, they decided to go with Toyota Hilux Double Cabin Pickup Trucks. Since they are more popular in the market for its styling features and off-road stunts.

Further, for the Toyota truck import deal, our client found an auto dealer from Dubai who was ready to export the required pickup trucks to Sudan. Since the situation of the world is upside down due to Covid; both the traders had decided to secure their trade deal by using DLC MT700.

Apply for LC MT700 at ZERO Collateral – Click Here!

The Client’s Challenge on LC Issuance:

As the import contract was signed on the basis of the LC Payment Term; the buyer started searching for ways to open LC. Almost all banks asked for a 100% cash margin to open DLC on their behalf. The client has tied up their capital funds in their running business. As a result, they can’t able to meet the banking norms. So, the bank declined their DLC request; also, advised them to get help from private trade finance providers. In the meantime, while discussing with the seller regarding the issues in the opening of  DLC; they asked the buyer to contact Bronze Wing Trading L.L.C., the Letter of Credit Providers in Dubai.

How We Served the Client’s LC Issuance Request:

The client sent a detailed email to us explaining their LC need. Our team studied their trade deal. And then, we had a phone conversation with them to get more information regarding their trade deal. We explained our LC process to them. Hence, they felt satisfied with our LC process; they signed the service agreement with us and paid the service charges.  Further, our team started structuring their DLC transaction with our bank; also, sent the DLC draft for the client’s review.

Get FREE Quote – Submit Your LC Requirements

Both the buyer and the seller reviewed the MT700 draft; also, conveyed their approval to us. Further, we asked the buyer to provide the LC issuance fee to move ahead. Accordingly, they paid the DLC issuance fee; and then, we requested our bank to issue the required DLC to the seller’s bank account via SWIFT MT700.

Successful LC Issuance

Once the seller received the DLC, they started the shipment of pickup trucks to the buyer’s port as agreed in the contract.

In conclusion, this is how the car import deal between the Sudanese buyer and the UAE supplier concluded successfully!

How to Get LC MT700?

If you’re looking to open Letters of Credit to import goods from overseas; feel free to contact us with your requirement. Unlike banks, we will demand you to provide a 100% cash margin for LC. Rather, we can facilitate LC Issuance from our own rated Bank Account at ZERO Cash Margin!

The post Successful LC Issuance to Import Toyota Hilux Pickup Trucks from UAE appeared first on Bronze Wing Trading llc.

Client’s Objective – Letter of Credit Issuance

Our Client, the leading industrialist in Dubai decided to expand their scrap trading business. In the local market, they got a demand to supply tons of copper millberry wire scrap. So, they searched for a seller who can provide a huge quantity of copper scrap. Via B2B portals, they found a genuine seller of scrap from India. Further, they both discussed and agreed to conclude their trade deal via the LC Payment term.

Client’s Challenge – For LC Issuance

The client required a Letter of Credit to conclude their copper scrap import deal. Since they already used their bank facilities, they can’t able to open DLC from their bank. Also, they tried some other options to get financial support, but nothing worked out. Further, the economy is unstable. So, the client didn’t want to invest their capital funds into this deal. So, they searched for the better option available. Then, they came to know about us via a broker, who referred to Bwtradefinance, as the genuine and trusted provider of LC at Sight in Dubai. And then, the trader visited our website and read our LC Issuing Process.

Simple 5 Step LC Issuance Process – Click Here

Client’s Visit to Our Office in Regards to LC Issuance

After knowing about us and our process, the client contacted us via phone; also, booked an appointment with us to have a meeting in person. Further, they visited our office along with their broker and had a great discussion about their MT700  needs. We explained our terms and working process in detail to them. Also, we assured the client, if they approve the LC draft and pay the LCs issuance fees, we can be able to issue the DLC within 48 working hours. Further, the client agreed that & they signed the service contract and paid the service charges on the same day.

Get Letter of Credit in 48hrs* – Apply Now!

Our Process in LC Issuance

Instantly, we started working with our bank for their LC deal and sent the DLC draft the very next day. Then, the Client verified the draft as per the Letters of Credit Checklist. Further, they approved the DLC draft; also, they paid the issuance fees for issuing the LC from one of the best banks in Europe. Straightaway, we instructed our bank to issue the required MT700 as per the approved draft. As per our request, our bank issued the DLC; in favor of the Indian seller via SWIFT MT700.

Our Success in Letter of Credit Issuance

Once the seller received the LC on the buyer company’s behalf, the client conveyed their sincere gratitude towards us; by writing a review; which you can see on our Bronze Wing Trading Reviews page.

This is how we assisted the Dubai trader to import copper scrap from India with the use of DLC MT700.

Apply for LC at Sight

Do you require LC at Sight to import goods from overseas? Is your bank demanding a 100% cash margin to issue the LC? We, the LC Providers in Dubai is here to support traders to get the required LC issued from rated banks in just 48 hr at ZERO Cash Margin! You can contact us at any time with your LC requirement!

The post Letter of Credit Issuance from European Banks for a Dubai Trader appeared first on Bronze Wing Trading llc.

The Clients’ Requirement for LC Payable at Sight

The buyer from Japan owns a huge storage capacity of Bitumen High Grades 40/50, 50/70, 60/70, 80/100, and 85/100 to supply in the domestic market. Further, to expand their sales and to cover the demands of the country; they decided to import Bitumen from Middle East Countries. Also, while searching for a reliable supplier of Bitumen; they found a vendor from Dubai, UAE. Further, the Supplier and the Buyer mutually agreed to import Bitumen of different grades on the basis of LC at Sight.

The Client’s Challenge to Get LC at Sight

In the first place, the Client doesn’t want to block 100% cash margin to get the LCs from their bank. So, they decided to get help from LC Providers to avail LCs without a cash margin. Further to help the buyer, the UAE Seller advised them to get help from Trade Finance Companies in UAE.  Accordingly, the buyer searched on Google. Further, they finalized 2 -3 trade finance providers to Open a Letter of Credit. Then, they sent their Letters of Credit request to all and looked for the best option to proceed further.

Open Letter of Credit Without Blocking Working Capital – Apply Now!

Our Solution to Provide LC at Sight

Once we received the email from the client regarding their Bitumen import deal; we studied their deal carefully. Then, we provided the best workable solution for them; to get Letters of Credit on their behalf. Since the client felt comfortable and trusted us; they signed the service agreement. Also, they paid the charges required. Further, we structured their deal; and sent the Import LC draft for their review. After reviewing the Import LC draft, they approved the Import LC verbiage. Instantly, we instructed our bank to make use of our available facilities to issue the required Letter of Credit MT700 on behalf of the Japanese buyer and in favor of the UAE vendor.

Our Success in Issuing LC at Sight

The vendor received the LC at Sight and started the shipment of various grades of Bitumen in barrels via ocean freight. Also, the Japanese trader conveyed their thanks to us. Further, we also felt satisfied for working with such a good client by supporting them with their Letters of Credit needs.

Are you looking to import Bitumen or other petroleum products from overseas? Submit your LC at Sight requirements to us!

We are the leading providers of LC at Sight, 90 Days LC at Sight; also, 180 Days LC at Sight for importers who want to secure their deal without involving their cash funds.

The post Issued LC Payable at Sight to Import Bitumen from UAE appeared first on Bronze Wing Trading llc.

The Client’s Requirement on SBLC Payment

The client, the wholesale sugar dealer urgently required 25,000 Metric Tons of S30 Grade Sugar to supply it to the local market.  There is a huge demand for S30 Grade Sugar, as it mostly used in the process of Sweets and Desserts preparation. So, to make use of this opportunity, the Sugar dealer started searching for reliable suppliers who can supply the required quantity of sugar at the best price.

Further, while searching for the Sugar supplier, the client came across a Facebook post that says, “We supply you 25,000 MT of S30 Refined Cane Sugar of Fine Quality” After seeing this post, the buyer enquired with the Indian supplier. Since the price seems quite okay, they decided to sign the contract with them. Also, at that time, the supplier demanded that the payment term should be SBLC MT760 from any of the rated banks.

To Apply for Standby LC for your Trade Deals – Click Here

The Ways to Get SBLC MT760

To meet the supplier’s demand, the buyer contacted their bank with the SBLC request. Since the credit history of the buyer was not up to the mark, the bank declined its SBLC request and demanded a 100% margin to open the MT760. Since they do not have a 100% cash margin to deposit in their bank, so they started searching for finance providers to finance the sugar deal. But almost all trials ended up with failure. While searching online to find the Trade Finance Providers for Sugar Deal, they found our website on Google. Also, they found that we, Bronze Wing Trading L.L.C. the leading SBLC Providers in Dubai provide SBLC MT760 from European Banks at Zero Cash Margin!

How We Helped the Buyer to Avail SBLC Payment Term

The Sudanese buyer contacted us and provided all the required info related to their sugar deal. Since the buyer’s trade deal matched our criteria, we approved their MT760 request. The Client signed the service agreement with us and paid the service charges. After that, we structured their SBLC based on the sugar deal with our bank; and sent the Standby LC draft to the client for their approval.

Also, the client verified the draft and suggested 2 changes that need to update. Since the corrections are valid, we discussed it with our bank and made the required changes. Further, the client approved the final version of the Standby LC draft and paid the SBLC issuance fee charges. Finally, we proceeded with the Standby Letter of Credit issuance from our European Bank.

Get SBLC MT760 at ZERO Cash Margin – Apply Now!

SBLC Issuance from European Banks

As per the supplier demand on MT760 issuance from genuine banks; Further, we issued the SBLC MT760 from one of our rated European Bank Accounts. Since the MT760 was issued from a genuine bank, the supplier felt satisfied and started shipment in bulk 25,000MT S30 Refined Sugar via sea freight.

This is how the SBLC Providers in Dubai facilitated SBLC Payment Term from European Bank on behalf of a Sudanese buyer to import S30 Refined Sugar from India.

How to Get SBLC MT760?

If you are in need of a Standby LC to import sugar from overseas, then you can contact us with your request. By having direct accounts with Good Repute Banks, we can issue the required MT760 from our own Bank Account on behalf of your company in 2 banking days.

Apply for a Standby Letter of Credit today & sign the new sugar import deal in the next 2 days by using SBLC as a payment term!

The post Sudan Buyer Imports S30 Sugar from India on the basis of SBLC Payment Term appeared first on Bronze Wing Trading llc.

The Client Required Letter of Guarantee

A project owner in Dubai floated a tender for contractors to quote their prices; to construct a high storey building. One of our Clients who is a leading contractor in Dubai; decided to submit their quote for the building project. Since they have completed many buildings earlier; they were quite fit for the said project.

As per the market practice, the project owner demands a Bid Bond or Tender Guarantee to accompany their project bid. Since the project seems to be the worthy one; the contractor didn’t want to miss the chance. Hence, they searched for ways to avail Bid Bond on their behalf.

Get Bid Bond in just 2 Days – Apply Now!

How to Avail Guarantee Letter

Moreover, despite their skills to complete the project; the contractor required a guarantee letter as a bond to submit their quote for the declared tender. So, they contacted their bank with the bond request. But such bonds require a certain percent of the bond value as a deposit in the bank. Since their capital was tied up with other projects. So, they didn’t have enough cash funds; to cover their bank demand.

Further, they were left with no idea what to do next. While explaining the requirement to their business advisor in Dubai; they advised that Bronze Wing Trading, the Bank Instruments Providers in Dubai; can help them to get the required Bid Bond from a world repute EU bank.

How We Helped the Client With Letter of Guarantee

After doing some research on Google; the client contacted us with their Bid Bond request. Since we have years of exp. in helping many contractors with their bond needs; we knew that we could help the client to win the contest by providing the required guarantee. We did a detailed study on the client’s contract and approved their request to issue the MT760.

Get Your Bid Bond Request Approved in 24hrs – Apply Now!

Firstly, we explained our process to the client. The client was fully satisfied; and signed the service agreement with us. Also, they paid the service charges to start the work on their request. Therefore, we blocked our bank limit to structure the bid bond. Also, we sent the MT760 draft for their review. And then, they approved the draft. Further, we provided Bid Bond from our European bank in favor of the project owner.

Final Result: The Client Won the Bidding Contest

The Client submitted the quote, and honor the terms of the bid with the issued Bid Bond. Since the quote they quoted was very realistic; they won the contest and secured the new building project. Further, they felt satisfied with our timely services. Also, they conveyed their gratitude towards us; by writing a positive review on our reviews page. Also, they assured us that they will come to us for their BG MT760 needs in the future.

This is how we helped our client to secure the worthy building contract with the required Letter of Guarantee from our rated bank account.

How to Get a Bid Bond?

Do you require a Bid Bond Guarantee to submit your tender? Now you can get the required Guarantee without blocking your own cash funds by contacting us. Submit your requirements to us & get the Bond issued in the next 48 hours!

The post Construction Firm Requires Letter of Guarantee for Submitting their tender appeared first on Bronze Wing Trading llc.