A Contractor reached out to us to avail Letter of Guarantee to submit a tender for a new office building project. Bronze Wing Trading, the Bank Guarantee provider in Dubai assisted the contractor to avail the required bond on their behalf from a European Bank account.
After the recession in the economy, the leading automobile dealer in China has planned to expand its car sales business to make more profit out of it. For that, they decided to import cars from Germany.
The leading construction company in UAE required a Payment Guarantee in Construction to get the advance payment from their project owner. Bronze Wing Trading, the trade finance provider in Dubai helped the contractor by providing the required bond without blocking their cash funds.
Amidst COVID 19 outbreak, the building contractor in Dubai received a construction contract from one of the developers in UAE. To sign the contract, a UAE contractor required Performance Bank Guarantee. For this, they contacted us with their Surety Bond request.
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.
A South African trader who supply Urea globally got a contract from different buyers to supply Urea. As per global trade rules and to secure their trade deal, each buyer demands Performance Guarantee from them.
A Real Estate Contractor with good repute had taken a huge office building Project. For that, they required down payment to carry out the project. Even though, the contractor had a good credit report and repute; the project owner asked Advance Payment Bond from the contractor to secure their down payment against any default.
A South Korean trader got a contract for the supply of crude oil in huge quantities. While searching for a supplier, they came across a well-reputed seller in Saudi Arabia. Also, the supplier was ready to supply crude oil in bulk.
Gold prices around the World have decreased swiftly due to unstable market conditions in the last couple of years. Hence, this attracts investors looking for trading openings. Also, many investors decided to buy Gold as a way of spreading their investments.
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.