A UK-based trading company has decided to import steam coal to supply their end buyer. For this, they found a potential supplier in Indonesia and signed a contract with them to supply the steam coal. But the problem arose when the supplier demanded 30% advance payment. On the other hand, the UK trader did not have enough cash available to meet the supplier’s demand. So, they discussed with the supplier and finally agreed on payment terms as SBLC – Standby Letter of Credit.
As the UK firm was already aware that they cannot seek help from their bank for the SBLC. Because their bank would demand a 100% cash margin as a backup for their MT760. So, they were struggling to find a solution but they couldn’t find any. At that time, a friend of theirs advised them to look for private companies that can provide them with this Standby Letter of Credit.
The UK trader started searching for companies that provide SBLC MT760. As a result, they found BWT via “Google Ads” which caught their attention and led them to us. Further, the trader went through the process of the Standby Letter of Credit mentioned on the website. And so, they were glad to learn that we’re the direct SBLC Providers in Dubai. Also, they found that we can arrange the MT760 for their coal seller without depositing any cash margin.
And then, they contacted us and explained their trade deal for which they required MT760. After that, they’ve submitted their SPA contract to us via email.
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We studied their deal and approved their request. Later, we signed a service agreement with them and asked them to provide the needed documents. Further, they visited our office in Dubai to provide all the needed documents. Also, their meeting with our CEO was rewarding and they felt very comfortable with us. We assured you that we can be able to provide the required Standby Letter of Credit. And so, they paid the fee and we did our best to provide MT760 issued copy on the same day to the client. Finally, within 24hrs, the seller received SWIFT MT760 in their bank account.
The UK trader was happy at the conclusion of the steam coal business. Also, it is proved to be a profitable deal that the trader ever handled in their entire trading career. Further, they were grateful and appreciative of the services rendered by the BWT, as we fulfilled their SBLC request and their deal was carried out with high returns.
Contact Bronze Wing Trading L.L.C., the SBLC Providers in Dubai to get the Standby Letter of Credit issued from European Banks in 2 Banking days! We will not burden you by asking for collateral, cash margin, or more paperwork. Our SBLC Process is very simple & easy! Submit your requirements now!
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