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.

The Client Required Payment Guarantee

The Contractor received a million worth of building projects from the leading project owner in Dubai. Further, to execute the work on the site; the client required advance payments from the project owner. But, to secure the advance payments, the project owner asked for an Advance Payment Bond from their client.  So, they started searching for ways to avail the bond on their behalf.

Problems Faced in Availing Payment Guarantee 

As a first attempt, the contractor asked their bank to issue the required MT760 on their behalf. But the bank asked 100 percent of the bond value as cash margin; to proceed with their request. Due to COVID-19, the client was unable to liquidate the cash funds at that time. So, they decided to get the MT760 Guarantee in other ways. At that time, they came across our Newsletter; which we have released in the mid of April 2020. Further, it states that “Despite Corona Outbreak, We Can Assist Traders / Contractors who are in Need of Trade Finance Services.”

Submit your APG Request to Us – Click Here!

After reading the newsletter, the client felt happy; and visited our website to know more about our services. And, they read our process to avail MT760. Further, they filled the Advance Payment Bond request form on our website.

BWT Issued Payment Guarantee

Once we received the request from the client, our team studied their contract terms. Since they met all our terms, we conveyed our approval to them to issue the MT760. Then, we asked the client to sign the service agreement with us. Further, we asked them to pay the admin charges to start work on their deal. Due to curfews and lockdowns, the client was unable to visit our office directly.  But, anyhow, we have managed to do all the things online; and the process went too smoothly without any glitches.

Schedule Your Appointment Now to Discuss your Bond Requirements – Contact Us Now!

The Client signed the agreement and paid the admin charges to our bank account. After that, we blocked our bank limit and then, we structured the required bond, as per their contract. Further, we sent the draft of the required MT760 for their review. Then, the Client approved the draft and paid the issuance fee charges.

Once we received the fee, we instructed our bank to issue the advance payment bond to the developer’s bank. Further, this was issued via MT760 swift; that’s on behalf of the client and in favor of the project owner.

The Client Received Advance Payments

After receiving the MT760 in their favor, the project owner issued advance payments; to the client to mobilize the work on the site. Also, the Client felt happy for the timely service done by us; that helps them to avail advance payment from the project owner.

With heart-filled thanks, the contractor said to us that: “In this Corona outbreak, we didn’t ever think that the transaction would be done in such a smooth way without any issues. Great thanks to BWT for their timely support in issuing the Payment Bond on our behalf. Also, we are really thankful for the entire team. Further, we strongly recommend BWT to all those who are in need of an MT760 Guarantee for their building projects.”

Apply for BG MT760,

Are you a construction contractor looking to get Advance Payments from the project owner? Get Advance Payment Guarantee from us. By Providing APG MT760 on behalf of your company & in favor of your counterparty, you can get the required Advance Payments instantly without any delay. So, what’s more! Contact us by submitting your APG request to us!

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Problem: The Client Required Performance Bank Guarantee

A UAE-based contractor in Dubai got a worthy building contract from a project owner in UAE. But to sign the contract and to guarantee their performance to their project owner; the contractor required a Performance Bond. By availing this bond, the contractor needs to provide assurance of their work to the project owner. So, they look for the options to avail such an MT760 on their behalf.

Challenge: How to Avail Performance Bank Guarantee

Because of the impact of the COVID 19, the Contractor had no idea on how to get MT760 on their behalf. They faced a fiscal crisis; so, they can’t able to avail it from their end. So, they searched online to find Performance Bond Providers in Dubai. Further, while searching for Google; they came across our website. At once, they called us to enquire about our service.  Since they felt satisfied with our answers; so they submitted their request through our website.

Submit your PB MT760 Request to Us – Click Here!

Solution: Issued Performance Bank Guarantee to Our Client

Despite COVID 19 outbreak, we did our best to assist our client in availing MT760 on their behalf. Once we received the request from the client; we studied their contract. Further, we agreed with them to provide the bond. And then, we signed the service agreement with them; then, we asked them to pay the service charge. Accordingly, they signed the agreement; and paid the service charge to us. And then, we started to process their Construction Bond request.

Simple Process to Get Performance Bond – Apply Now!

Even in lockdown and curfews, we had done our best to ensure complete satisfaction for our client. At first, we blocked our bank limit; and structured the required bond as per their request. And then, we sent the draft for their approval. Further, once we received the draft approval; and issuance fee; we requested our bank to issue the bond from our account, on behalf of the client.

Within 2 to 3 days, our bank issued the Contract Bond in favor of the project owner; and on behalf of the contractor. Further, with the bond, they assured their positive completion of work; as per the signed contract to the project owner. Moreover, after receiving the bond in their favor; they signed the building contract with the contractor.

The Client’s Review

With heartfelt thanks, our client provided a statement to BWT that states as follows; “We are really thankful to BWT for their timely help, in such a pandemic condition. Also, we appreciate the level of service; they offered to us. And also, we recommend BWT and their services; to all who require Bank Guarantee for their projects.”

This is how we helped the UAE Contractor to avail Performance Bond to assure their positive work towards their client.

How to Get Performance Bond?

Are you in need of a Performance Bond to sign new trade deals or contracts?  You can submit your requirements to us. We can assist you by providing a Performance Bank Guarantee on behalf of your company without blocking your own cash funds. Instead, we will block our bank limit as per your bond value & will issue the required Surety Bond in 2 banking days.

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Problem: Require Performance Guarantee for Urea Deals

A trader from South Africa received an offer to supply urea bags to the local buyers. As the seller has enough stock of urea, they agreed to this contract. But all the buyers asked Performance Guarantee from the seller to secure their trade from fiscal risk.  The seller agreed to the demands of the buyers and started looking for options to avail Performance Bond.

At first, the seller asked their bank to provide MT760 against all the Urea contracts. Since they didn’t have enough cash flow and didn’t have working capital to provide as cash margin, they failed to fall within the norms. So, the bank refused to provide them with such a bond. But the seller didn’t lose their hope. They searched for other options to avail MT760.

Assure your Performance with PB MT760 – Apply Now!

Solution: Contacted BWT to Avail PB MT760

While looking for options to avail MT760, he found a new hint. i.e. to get help from trade finance providers. After doing a lot of research to find the best one, he picked the top 5 trusted Performance Bond providers; then, he finally picked “BWT” as the best one.

Further, the seller has gone through our website and read all the info – about our process, products we offer and also our latest transactions etc..  Also, they found that we provide Trade Finance without cash margin. So, without wasting time, they submitted their request to us. Since they were very keen to avail our services; they also called us via phone to discuss their trade deal.

We asked them to send us the SPA of their trade deal and other documents. Further, we did a detailed study on their trade deal. And then, we approved their request for PB MT760. After receipt of all documents and issuance fee, we issued the PB MT760 from our bank account in favor of buyers.

Result: Urea Deal Concluded with Great Success 

Once all the buyers received the bond in their bank account, they issued LC  in favor of the seller as per the terms of the signed SPA to import Urea. The seller on-time shipped Urea at the buyer’s final port as per the agreed time frame. The seller was thankful for the timely help done by BWT in issuing the bond as per their contract terms. They promised to come back for their future trade deals.

Apply for BG MT760,

To get Performance Bond Guarantee without blocking your cash funds, you can contact us with your request. By extending our own bank facilities, we can assist you by providing the required Bond in just 2 days. We have assisted more than 25,000 clients with their Guarantee needs. Submit your requirements now!

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The Problem: Avail Advance Payment Bond in Favor of the Developer

The client approached private lenders to avail MT760; but they could not find any trusty source. They also got in touch with their bank to avail Down Payment Bond. But they set more demands to issue MT760; so they found it hard to get it from them.

No More Cash Flow Issues – Get Advance Payments Now!

The Solution: Broker Referred BWT to The Client

After a long search, they got in touch with a local broker for help who led them to us. Further, the broker briefed us on the client’s request. And then, we studied their deal; and finally, we approved their request to provide Advance Payment Guarantee in favor of their counter party.

The client felt happy; as they found the exact solution to their problem. And then, they contacted us and fixed the appointment to meet us at our office. Further, they visited our office and had a discussion with us. We explained our services to them in detail; they understood the entire process and clarified all their queries. And then, they paid us the admin fees and signed the service agreement. Since they met all our terms, we blocked our bank limit for their deal. And to proceed with their deal, we asked them to provide the Contract terms and other relevant documents.

Get APG MT760 to Mobilize Your Construction Projects – Apply Now!

Once we were done with all the processes from our end; we requested our bank to issue the MT760 Guarantee in favor of the developer. As a result, the Payment Bond was transmitted to the designated bank account.

The Result: Received Advance to Cover the Project Expense

Once the project owner received the MT760 in their bank account; they provided a down payment to the contractor to meet the first phase cost of the project. That’s how the client was able to start their project without any further hassles.

In addition to this, the client thanked us, as we issued the Down Payment Bond from a rated bank account within 48 hrs. This is how – Bronze Wing Trading, the BG Providers in Dubai helped the client for their contract with MT760 Bank Guarantee.

How Can I Get an Advance Bank Guarantee?

If you are running out of cash to execute your project, then it’s the right time for you to get the Advance Payments from your counterparties. By providing Advance Payment Guarantee on behalf of your company & in favor of your counterparty, you can get the required Advance Payment in no time. So, why are you waiting for? Submit your requirements to us & get the BG MT760 in 2 banking days.

The post Real Estate Contractor Availed Advance Payment Bond for Their Construction Projects appeared first on Bronze Wing Trading llc.

Problem: Need Bank Guarantee MT760 to Import a large quantity of Crude Oil

With the sales & purchase agreement in hand, the buyer started looking for help. Initially, they were looking for banks that can provide such a guarantee. Since the trader’s working capital was spread all around other businesses, they were unable to open BG MT760 from their own bank.

As the deal was very worthy and the seller was very genuine, the trader didn’t want to miss this chance. So, they started looking for Trade Finance Providers who can help by issuing the required BG MT760.

Apply for Bank Guarantee without Blocking Cash Funds – Click Here!

Solution: BWT Provided Bank Guarantee MT760

During their search on the internet, they found a video of our company on the Youtube channel. After seeing the Bank Guarantee video, they decided to contact us for their Bank Guarantee need. Further, they discussed the same with their financial adviser. He also suggested our name to obtain the required BG. So, instantly, they visited our website and explored all our Trade Finance Services.

They have gone through our process and submitted the online form with their BG request. Also, they sent a copy of the SPA of their crude oil deal to BWT. After reviewing their SPA, we asked the buyer to submit some more documents related to the trade deal. Also, they signed an agreement with us.

Know our Simple 5 Step BG Issuance Process – Click Here!

As the next process, we studied their trade deal and informed them about the approval for their BG MT760 request. And then, the trader paid the BG issuance fee to our bank account. On receipt of the issuance fee, we requested our bank to establish the BG MT760. After completing the internal banking process with our account, they established the BG. Finally, this BG has been transmitted via Swift MT760 to the seller’s bank.

The Result: Buyer’s Dream Comes True

The trader got the delivery of crude oil with the provision of BWT’s BG MT760. And then, they supplied the product to their end buyers. Final result: They were gratified and impressed with the outcome of their deal with BWT. And this is how we helped the trader to conclude their crude oil deal with their supplier.

How to Apply for BG MT760?

Apply Bank Guarantee is now really easy & simple with our 5 Step BG Process. We, the International Bank Guarantee Providers in Dubai supports traders globally by providing the required MT760 Guarantee from good repute Banks without asking for collateral or blocking cash funds. Contact us now to discuss your BG requirements with us!

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Recent statistics revealed that nearly 80%-90% of traders mainly depend on trade finance for financing their imports and exports. These bank instruments not only help them to conclude their deals but also, helps to mitigate the financial risks involved.

Importance of Global Trade Finance

When it comes to import and export, trust is the main factor that acts as a glue between buyers and sellers. If the importer pays the full amount for the goods before it gets delivered, then they may be at greater risk if the received goods are not of good quality & are not delivered as per the agreed contract. Likewise, if an exporter distributes or supplies the goods without getting the payment in advance, then the exporter is taking the risk that the importer or buyer may or may not pay the right amount at the right time. To overcome such financial risks, a Letter of Credit used as the payment term for import deals.

5 Step Letter of Credit Process – Apply Now

What is a Letter of Credit?

Letter of Credit acts as the payment undertaking issued by a bank upon their client’s request. Import LC issued on behalf of buyers and in favor of sellers assures that the seller will receive the payment for the supplied goods. And also, assures the buyer that their payment will be released by the bank only after the buyer received the goods at their port. By doing so, the financial risks associated with global trade will be mitigated.

How to Get Global Trade Finance?

Do you require a Letter of Credit, SBLC, or any other bank instruments for your import-export deal? You can get help from us! We, Bronze Wing Trading, the Trade Finance Provider in Dubai support traders who don’t have enough cash funds or credit lines to avail Global Trade Finance from their banks. We extend our credit lines for SMEs to support their global trade dealings. Unlike banks, there is no need for cash margin or collateral to get LC at Sight, SBLC, and Bank Guarantee from us.

Contact us today with your trade finance requirement and get a FREE Quote within 24hrs!r trade deals!

The post Global Trade Finance to Boost International Trade appeared first on Bronze Wing Trading llc.

A lot of traders and contractors are struggling to achieve good financial stability to sign new contracts and trade deals. For this, they used to look for banking services that can help them. Fortunately, banks and other lending providers are available to provide different types of Bank Instruments on their behalf. Further, one of the most popular trade finance services that traders and contractors mostly use to expand their business is a Letter of Guarantee. Here we are going to discuss – What is Bank Guarantee and How Does It Work?

How Do Bank Guarantees Work?

When it comes to trade transactions, traders who are dealing with overseas business partners require some sort of guarantee to secure their deal from payment and performance risks. Here comes the importance of availing BG MT760. Also, traders mostly preferred to use BGs; because banks work as a guarantor of the transaction.

Get Bank Guarantee in Just 2 Days – Apply Now!

For example: If a buyer wants to purchase $3 million worth of machinery from an overseas vendor. Then the buyer needs to provide an MT760 to cover the payments; before the shipment of equipment. Via this BG MT760, the issuing banks assure that the buyer will make the payment to the seller; once they receive the shipment. Further, it also assures that in case of any default by the buyer in terms of payment; then the banks will pay the liabilities.

Having BG reflects the confidence of the bank in the buyer’s business; also, which indirectly bonafides the soundness and credit status of the buyer. Further, when two new parties going to enter into a contract for the building construction or for the supply of goods; they both were skeptical about the performance of the party; they are going to deal with. In such cases, having Bank Guarantee in hand will give peace of mind to both parties that their deal will be concluded successfully.

How to Get Bank Guarantee?

Anyone who has a good financial record can apply for BG MT760. They can contact their bank to avail BG on their behalf. Before approving the BG request, the bank will do a thorough check of your previous banking history, and credit score, and so on. In certain cases, banks will demand the buyer to provide security to cover the BG value. Once the bankers are satisfied with all the criteria; then only they will provide the approval required for BG issuance. And usually, all these processes will take weeks or even months to complete.

In case, if you are looking to avail BG MT760 for your trade deal in hand; also, if you don’t want to block your cash funds to obtain a Letter of Guarantee? Then get help from us!

We, the International Bank Guarantee Providers in Dubai are always here to assist you with all your BG needs. Unlike banks, there is no need to block your cash funds to get MT760.

Submit your BG Requirements to us & get the Letter of Guarantee in less than 48hrs.

The post What is a Bank Guarantee and How Does it Work? appeared first on Bronze Wing Trading llc.

In the account of today’s scenario, almost all contractors & sellers require a certain percentage of the total project value as advance payments. And this is to meet the initial phase cost of the project or trade deal. But to provide the advance payments, the buyer or the project owner may demand the seller or the contractor to provide a Payment Bond in their favor.

Moreover, to get such types of bonds on the company’s behalf, contractors and sellers contact their bank with their bond requests. But to issue such bonds, the banks will demand from the contractor or seller to provide a certain percent of the bond value as cash margin. Due to the lack of cash margin and not need to the working capital, many contractors and sellers don’t wish to provide cash margin. Further, in such cases, they can’t be able to get the required Bank Guarantees from their bank.

Get Advance Payments from Your Counterparty in No Time – Discuss with Us Now!

Do You Require Advance Payment Guarantees Letter?

Are you the one looking to get a Letter of Guarantee without blocking your cash funds? Contact Bronze Wing Trading L.L.C., the genuine Bank Guarantee Providers in Dubai. Further, with more than 3 decades of experience in providing Bank Guarantees on behalf of contractors and sellers, we assure you that we will be able to provide such MT760 on your company’s behalf without blocking your working capital.

How to Get an Advance Payment Guarantee Letter?

So, how to get Advance Payment Guarantees from us? Follow the simple step-by-step process mentioned below to apply the Payment Bonds.

1. Firstly, you can visit our website to submit your requirement. Or else, you can also send us via email.
2. Secondly, our team will undergo a detailed study on your bond request. Also, we will let you know if your request is approved.
3. Further, if approved, you need to sign the service agreement with us. Then, you need to pay the service charges.
4. Then, we will start structuring your Payment Bond with our bank by blocking our bank limit.
5. Further, we will send the MT760 draft for your review and approval.
6. After draft approval and the issuance fee charges are paid, we will process your request with our bank. Finally, we will issue the required Bank Guarantees in favor of your project owner / buyer; via SWIFT MT760.

Get Advance Payment Guarantees Letter from Us!

Are you the one looking to avail MT760 Guarantees, but didn’t wish to unlock your working capital? No worries! Submit your Payment Guarantee request to us! Instantly, we will structure your deal and will provide the required MT760 from our Good Repute Bank account.

The post How to Get Advance Payment Guarantee Letter from European Banks? appeared first on Bronze Wing Trading llc.