What is a Bid Bond / Tender Bond?

It is a guarantee issued by a bank to assure the project owner that if the bidder fails to honor the terms of the bid, the project owner can claim the bond to get compensated. Also, issued on behalf of the contractor and in favor of the project owner, Bid Bond assures that the contractor is financially capable and has the required manpower to take on the project if the bid is awarded.

Avail Bid Bond in 2 Banking Days – Apply Now!

How does a Tender Bond Work?

For instance: A developer floats a bid for a high-rise building project. Before submitting the bid, contractors used to prepare a quote which includes the cost of material, labor charge, equipment purchase, &, etc. required to complete the project on time. And then, they submit the quote to the project owner in the form of a bid. In the next step, the developer reviews the bid and the one who provides the realistic quote wins the bid. Finally, the project will be awarded to them. But in certain cases, project owners may feel skeptical about whether the contractor will complete the tasks within the submitted budget. Or else, they may increase the quote in the mid of the work. So to get the required assurance, the owners can demand from the contractors to submit a Performance Bond.  

Further, in the bidding process, Bid Bond serves as a guarantee that the contractor who wins the bid will undertake the project; also, will complete the project within the submitted quote. In case, if the contractor fails to honor the terms of the bid, i.e. if they increase the price for the job after signing the contract. Then the contract will be breached. Further, to cover this cost, the project owner can claim the Bid Bond provided by the contractor.

Now You Can Easily Win the Bidding Contest with Bid Bond   – Apply Now!

Benefits of Tender Bond 

• Open up new tender opportunities
• Negotiate better contract terms
• Builds trust between contractors & project owners
• Also, increase the chances of winning the project

How to Apply for Tender Bond?

To get Tender Bond for your upcoming contracts, you can contact us today! We are the International Bank Guarantee Providers in Dubai. Indeed, we provide tailored solutions for contractors which help them to sign worthy contracts and expand their business without any financial hurdles. Unlike banks, no need to block your own cash funds to get a Letter of Guarantee. All you need to do is – submit your Bid Bond requirements to us. We will structure your deal and will facilitate the required MT760 issued from our rated Bank Accounts in 2 days.  So, what’s more? Contact us today to apply for Bank Guarantee without blocking your cash funds. 

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What is LC Used for?

When a buyer & seller from two different parts of the world are going to deal with each other, there may be a chance for trust issues. This is because – suppliers will not be ready to supply the goods without getting some kind of advance payment, as they don’t have any assurance on whether the buyer will pay for the supplied goods or not. On the other hand, the buyer will not be ready to make the payment without knowing that whether the supplier will supply the goods or not. So, here comes the importance of using Letters of Credit. In international trade transactions, LC MT700 bridges the trust issues between the buyer and seller, especially when they are unknown to each other.

Simple 5 Step LC Issuance Process – Click Here

Main Purpose of Letters of Credit for Buyers and Sellers

Letters of Credit assist both buyers and sellers to do global trade transactions in a safe and secure way. Let us see how it helps buyers and sellers with their trade transactions.

For importers – Using a Letters of Credit ensures the seller that you will make the payment, only after the supplier submitted the proof that they have shipped the products as agreed in the contract. Further, by doing so, it allows you to conserve your cash flow, as you don’t want to pay your seller instantly and this will help you to invest your money in other businesses. Also, since you don’t have to make any advance payments or deposits to the seller, you can conclude your deals without facing any issues. Also, LCs acts as a certificate to prove your credibility & financial ability in making the payment.

For exporters – Accepting LC as payment terms will act as a safety net for you. That is, in case, if the buyer fails to pay for the goods you shipped, then you can claim the LC to the buyer’s bank to get the payment for the supplied goods. But to be noted that you’re entitled to get the payment, as long as you have met the delivery conditions and submitted the documents as stated in the issued LC.

Apply for LC Now & Get It Issued in 48hrs   – Click Here!

How to Apply Letter of Credit?

Have you decided to use Letters of Credit for your import & export needs? So, how you will open the LC at Sight? If you’re looking to get the LC from well-reputed banks at ZERO Collateral, you can always contact us with your DLC request!. Being the LC Providers in Dubai, we can assist you with your DLC transaction and will help you to get the DLC MT700 issued in just 2 days!

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What is Bank Guarantees?

Bank Guarantees are issued by a bank as a promise to undertake the payment risk on behalf of its clients. Mostly, BGs are used in trade deals and projects to protect the counterparty from fiscal risks. Further, this MT760 guarantee helps traders even SMEs to import goods from big companies, which usually could not be happened without BG MT760. For this purpose, nowadays,  more & more traders require BGs to grow their business & to earn status in the global trading market.

Get BG MT760 in 2 Days – Click Here to Apply

What are the Bank Guarantee Requirements?

Anyone who has a good financial record with their banks can apply for BG. If you contact your banks to avail BG; they will analyze your banking history, credit score, and liquidity, before approving your BG request. Further, they would also study your deal, the value of required BG, beneficiary details, etc. Then, if everything is up to the mark, they will consider your BG request; Also, they will ask you to provide a certain percentage of the BG value as collateral or cash holdout. Finally, if you comply with the banking requirements, the officials will provide the required approvals & will start to process your BG request.

How to Obtain BGs at ZERO Collateral?

In case, if your banks said “No” to issue the BG due to the non-compliance of banking norms, don’t hold or lose your project! We are here to help you by providing the required BG without demanding a cash margin. Since we have our own credit facilities with rated banks, we will block our bank limit based on the BG value you require. Further, the bank will issue the BG from our bank account on behalf of your company. Also, with us, you can avail the required BG without providing us any fiscal security.

Simple 5 Step Process to Apply BG MT760  – Apply Now!

Documents Required for Bank Guarantees

• Proforma invoice or sales contract of the trade deal or contractual agreement of the project
• Copies of company registration or Trade License
• Passport copy of authorized signatory
• Proof of residence address & company address for the authorized signatory
• Bank account statement for the last 6 months
• VAT Registration (if applicable)

Apply BG MT760,

Once you are ready with the documents listed above, you can submit your BG request to us! We, the International BG Providers can analyze your trade deal and get back to you with a FREE quote within 24hrs! Contact us now & avail the BG in just 2 days at ZERO Cash Holdout!

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What is Trade Finance Facility?

Trade Finances plays a vital role in assisting traders to do business globally without facing any financial hurdles. Further, it covers an umbrella term by including a wide range of Bank Instruments such as – Letter of Credit, Standby LC, BG MT760 & Comfort Letter. All these Financial Instruments assist traders to reduce the risk of payment and supply of goods; by introducing a third party called Banks, as a guarantor.

Apply Now: Letter of Credit Available at ZERO Collateral

Why there is a Large Gap between Trade Facilities & SMEs?

Only a small part of the import is paid in advance and the rest, nearly 80% of world trade tends to occur by using Bank Instruments. Also, on the other hand, SMEs play a major role in a global economy (nearly 96%); so the rejection of Financial Instrument requests will directly affect the world’s market.

When we analyze the gap between the Trade Facilities and SMEs; the main reasons can be – lack of credit score, lack of credit history; as well, lack of cash funds to provide a cash margin. These 3 are the main demands of the banks which traders, mostly, SMEs can’t able to fulfill these banking norms. Hence, this is the reason behind the rejection of their request.

However, when we think about the quick ways to close the financial gap; there is no panacea for traders; apart from getting help from private Trade Finance Providers.

How Trade Finance Providers Helps to Bridge the Trade Finance Gap?

If the banks declined your request to avail bank instruments; then there are two options left for you – Either you can step out from the deal; or else you can get help from Bank Instruments Providers in Dubai.

Usually, the provider of trade finances has strong tie-ups with good repute banks. Further, this helps them to extend their support to traders to assist them with their import export finance needs.

To get the right support for your import & exports, you can get help from us. We at Bronze Wing Trading can help you to get the Bank Instrument at ZERO Cash Margin; which makes it easy for you to conclude your deals on time. Also, we can support traders by providing Trade Finances in Dubai & anywhere in the world.

Contact us now to see how we assist traders to bridge the gap in trade finances!

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What are Bank Guarantees?

Bank Guarantee is a written undertaking issued by banks; to ensure the buyer’s commitment to complete a particular project or task on time without any default. Also, it assures that the seller will receive compensation from the buyer; in the event of a breach of contract.

Get FREE Quote for your BG Requirements – Apply Now!

And also, this MT760 secures the seller from any unforeseen risks involved & gives the required payment assurance. For this reason, sellers demand buyers to support their contract terms by providing an MT760.

How to Get a Bank Guarantee?

Are you going to sign a new contract or trade deal with your seller? Is your counterparty asking for a BG MT760 in their favor?  In this case, if you are having a good track record and a credit facility available; then you can get help from banks directly.

Before approving your BG request, the banks will undergo a thorough background check to verify your previous transaction history and credit score, etc. Also, if everything is up to the mark, they will consider your BG request; and then, move on to the next step.

Further, the banks will ask you to provide a certain percent of the bond value as collateral to issue the BG MT760.

Finally, if you comply with all the demands, they will approve your request and start working on your BG request. Of course, the BG issuance process will take approx. 2 to 3 weeks.

Get Bank Guarantee from Good Repute Banks in 48hrs – Apply Now!

Which Bank Issues Bank Guarantees?

If you have the existing credit line available; or if you are ready to pay the bond value as collateral; then all the banks are always ready to provide the required BG MT760.

In case, if you fail to meet the banking terms, then they will decline your request and you may need to look at other options to get the required MT760.

Here comes the role played by Bronze Wing Trading, the International Bank Guarantee Providers in Dubai!

Bank Guarantee Issuance at ZERO Collateral!

Unlike banks, we will not ask you to provide cash margin or collateral to issue the BG MT760. Also, compared to banks and other private lenders, our paper works are very less & faster approval time! Moreover, with us, you can be able to get the required BG MT760 in less than 48hrs.

To proceed with BG Issuance, contact us today! We facilitate BG MT760 from our list of Rated European Banks at ZERO Collateral!

The post Bank Guarantee Issuance – Which Bank Issues Bank Guarantee? appeared first on Bronze Wing Trading llc.

Know the Simple 5 Step SBLC Issuance Process – Click Here!

Importance of Using SBLC Finance

So, what is Standby LC? It’s a bank-issued written undertaking that assures the seller that the buyer will make the payment without any default within the credit period. Also, it states, in case of any default by the buyer; the bank will meet the payment terms as agreed by the buyer. Hence, it gives the required payment assurance to the supplier; in turn, it paves the way for the buyers to purchase goods on a credit basis. In fact, having SBLC MT760 shows your credibility in doing trade; also assures your ability in paying the seller on time.

A Brazilian Buyer Required SBLC Finance

When a Brazilian buyer decided to import garlic from China; they don’t have enough cash funds in their hand. So, they look for the option to import garlic on a credit basis. But the seller asked for a payment guarantee to assure the payment; after the supply of goods. So, the buyer thought to use SBLC MT760, as it gives the required payment assurance to the seller. Hence, via Google Search, the buyer contacted us with their SBLC request.

Submit your SBLC Requirement to Us – Apply Now!

BWT Now Join Hands with the Brazilian Buyer

Once we received the SBLC request from the buyer, we studied their trade deal; also, given them a FREE quote which includes our SBLC process. Also the charges required for issuing SBLC. Since the client felt comfortable with our process and charges; they visited our office to sign the service agreement. Also, on the same day, they paid the admin charges.

Now, Bronze Wing Trading is in the process of structuring the client’s garlic deal. As a result, as promised, we will issue the required MT760 from our bank account in favor of the Chinese seller.

Get SBLC Finance Today!

Are you looking to import goods from your local or global vendor? Are you facing a lack of cash funds to pay your seller instantly? No worries…! Provide a Standby LC in favor of your seller, and start importing goods on a credit basis.

To get SBLC Finance from rated banks at ZERO Cash Margin, contact us today!

The post SBLC Finance for a Brazilian Buyer to Import Garlic from China appeared first on Bronze Wing Trading llc.

What are LC Payment Terms?

LC Payment, the most popular payment method used in international trade transactions, as the buyers and sellers involved in trade transactions mostly prefer to use LC Payment Terms to conclude their imports.

An LC is a commitment made by a bank on behalf of the buyer to ensure the supplier that the payment will be made; once the terms and conditions stated in the issued LC are fulfilled. Having LCs gives confidence to the buyer that the payment will be made to the seller, only after the successful delivery of goods as agreed in the contract. Further, this also assures the supplier that they will receive the payment, even in case of buyers default.

Import Goods without Paying Your Supplier Upfront – Apply Now!

How to Get LC Payment Term?

Since LCs are the financial instruments, the banks use the buyer’s financial assets available with their banks to open the required MT700. In case, if they face a lack of credit facilities or are unable to provide a cash margin, then they can’t able to avail the DLC issued from their bank.

Simple 5 Step Process to Open LC in 2 Days – Apply Now!

Here comes the importance of getting help from private trade finance providers. Further, if a client faces a lack of cash funds or bank facilities; let they can contact us with their LC request, then we will:

• Firstly, analyze and then, approve their LC request.
• Next, we will ask them to sign the service agreement with us; also, pay the admin charges to initiate the LC request with our bank.
• And then, we will send the Letters of Credit draft for the client’s approval. Further, the client will check the LC draft and verify with their supplier whether they can be able to comply with the LC terms mentioned in the draft. Finally, the client will convey their draft approval to us.
• Further, after the LC draft approval, we will inform the client to pay the LC issuance fee charges to proceed with the MT700 issuance.
• Finally, once the issuance fee charges are paid, we will instruct our bank to issue the DLC from our bank account on behalf of the buyer and in favor of the seller.

From this step-by-step process, you may come to know the fact that – We use our own credit facilities available in European Banks to open DLC on behalf of the buyer. So there is no need to provide a cash margin to avail DLC from well-rated banks.

How to Open LC – LC Payment Term?

If you’re looking to open Letters of Credit – DLC MT700 – LC at Sight to import goods from overseas; then submit your request to us & get the MT700 issued without collateral!

The post LC Payment Terms – How to Get LC at Sight with NO Collateral? appeared first on Bronze Wing Trading llc.

How to Start Steel Imports and Exports?

Find Where to Import?

If you are looking to start your own import and export business, then there are a lot more things you need to take care of. First of all, deciding which market you want to deal in is the first question; when starting up a steel import business. Also, the top countries involved in the steel exports are: UK, Indonesia, Sweden, Italy, the US, Austria, Spain, Finland, and Taiwan, etc. Do your research in these countries to find a reliable vendor of steel who can supply the required quantity of steel at the best prices.

Get the Right Bank Instrument for Your Steel Import & Export – Click Here!

How to Arrange Import Finance Facility?

Once you have chosen the seller to import steel, the next comes in arranging Finance. The seller may either ask for 30% of the total deal value as advance payment; or the full payment before the shipment of goods. In case, if you’re not ready to provide the cash in advance, then you can discuss it with your seller and look for other options.

When it comes to other payment methods available for global trade, Letter of Credit, Standby LC, and Bank Guarantees are the best option to look for. Further, in all these Bank Instruments, Banks acts as a guarantor to assure the seller that the payment will be made; upon the completion of the delivery of the goods required.

Get a Free Quote for your Trade Finance Requirements – Contact Us Now!

How to Get Import Finance Facility?

While the crisis has affected global trade, now things are getting back on track by showing some positive signs in trade worldwide. But still getting Trade Finance support from banks seems to be hard.  Because, Banks are ready to provide financial support; only if, if the clients are ready to pay the 100% cash margin!

Are you facing a lack of cash funds to meet the demands of the bank? Are you worried that without bank support you can’t able to conclude your steel import contract? We’re here to help you!

Being the Trade Finance Provider in Dubai, we can support all your trade deals and contracts by issuing Bank Instruments from Rated Banks at ZERO Cash Margin!

For all your trade finance needs, contact us today!

The post Get Import Finance Facility for Buying Steels & Metals appeared first on Bronze Wing Trading llc.

What is SBLC Guarantee?

As similar to Bank Guarantee, SBLC Guarantees or Standby Letters of Credit is the written undertaking that is issued by a bank upon the client’s request. Further, this gives the guarantee by assuring that the bank will meet the payment liabilities of the buyer, in case the buyer fails to make the payment.

Simple 5 Step Process to Get SBLC MT760 – Apply Now!

How does SBLC Bank Guarantees Works?

SBLC acts as a safety net where the bank assures the payment of the shipped goods. In the event of some unforeseen situation that prevents the buyer from making the scheduled payments to the seller. Further, in this case, the SBLC ensures that the required payments will be made to the seller, upon fulfillment of the required obligations. Also, this includes – the submission of documents listed in the issued Standby Letter of Credit to the buyer’s bank within the specific period.

On the other hand, SBLC also helps the buyer to get out from the worst-case scenario at ease by acting as a Backup Plan for Payment.  Also, this Standby LC promotes the seller’s confidence in the trade and enhances the buyer’s credit quality. Further, it acts as a sign of good faith and the ability to make the payment in case of bankruptcy or insufficient cash flows.

Show Your Credit Worthiness with SBLC MT760 – Apply Now!

With all these pros, SBLCs are mostly used in global and local trade transactions where there is a lack of trust; especially when two parties involved in the contract don’t know each other.

For instance:

A Buyer from Dubai can import gold from Ghana by using the SBLC guarantee, which states that the buyer will pay within 60 days from the date of shipment. In case, if the seller from Ghana didn’t receive the payment within the credit period, then they can collect the payment for the shipped goods from the buyer’s bank by claiming the issued Standby LC.

This is how the SBLC creates payment assurance between buyer and seller. It also, makes trade transactions easier.

How to Get a Standby Letter of Credit?

If you are looking to get Standby Letters of Credit for your import-export contract, you can submit your SBLC requirements to us!

With years of experience in issuing SBLCs for our clients globally, we are experts in structuring your deal in an effective way. Further, this helps you to conclude your trade deals in a hassle-free way!

Contact us now with your Standby Letter of Credit requirement!

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What is SBLC Transaction?

SBLC is the short form of a Standby Letter of Credit. It is a written commitment issued by a bank stating that the bank will be liable to pay the seller, in the event of the buyer’s default. Usually, buyers and sellers prefer to use Standby LC as their payment method. Because it certifies the buyer’s credit status; also confirms their ability to fulfill the payment terms as per the signed contract. Further, it’s also perceived as “Payment of Last Resort”. Because in the event, if the business entity declares bankruptcy, or cannot meet the financial commitment, then the bank will take action to fulfill the contractual terms, on behalf of their client.

Import Goods on Credit Basis Using SBLC – Apply Now!

How does an SBLC Transaction Work?

A buyer makes a deal with a seller to import certain goods or products. The seller wants an assurance from the buyer; to secure the deal against the buyer’s default on failing to fulfill the payment term; as per the agreed contract. So, they demand the buyer to provide a Standby LC as part of their contract.

The buyer arranges the SBLC MT760 in favor of the seller. After receiving the Standby LC, the seller starts shipping the goods. And in case, if the buyer fails to fulfill their payment terms; the seller needs to submit the documents to the respective bank; as stated in the issued SBLC to claim their payment. The Standby LC claim documents have to comply with the contract or the terms stated in the issued MT760.

Collateral-Free Issuance of SBLC MT760 – Click Here to Apply!

Advantages of SBLC Transaction

For businesses concluded with Standby LC as the payment term, the greatest benefit is the ease of getting out of the worst-case scenario. In case, if the business declares bankruptcy, or closes down due to loss. Then the bank will be liable to fulfill its financial terms. Thus, the seller assured on payment. Also, it reduces the risk of the production order being changed; or canceled by the buyer.

For buyers, having SBLC adds more strength to their profile; also gives more confidence. The buyer needs to pay, only if they received the shipped goods as per the agreed specification in the signed contract.

While signing the contract for a larger quantity of goods, having SBLC in hand can add credibility to the buyer and can also help them to avoid any upfront payment to the seller.

Easy Process to Get SBLC in Simple 5 Steps – Click Here!

The process to Avail SBLC MT760

When you contact your bank to avail MT760 on your behalf, there are many aspects that the bank will take into consideration; prior to issuing the MT760. Further, banks also demand cash margin or tangible collateral needed to protect the bank from any fiscal risk. The amount of collateral required by the bank will depend on the value of the SBLC you require.

Traders who are not capable to provide such collateral cannot be able to avail SBLC facility from their bank. Finally, they can’t able to conclude their trade deals. So, to help traders who face a lack of bank facilities or lack of cash flow to avail trade finance, Bronze Wing Trading L.L.C., the SBLC Providers in Dubai is here to assist the traders.

With a team of experienced trade finance consultants, we work for our clients globally by structuring their trade deals in the best possible way which will help them to conclude their trade deals on time.

Submit your SBLC Request to us now and get your trade transactions concluded in a timely manner!

The post The Role of SBLC Transaction in International and Domestic Trade appeared first on Bronze Wing Trading llc.