mt760 – standby lc – sblc providers – trade finance
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Presented bywww.importletterofcredit.com
Bronze Wing Trading Helped a German Trader to Conclude Their Raw
Leather Deal By ProvidingStandby LC – MT760
About this templateIntroductionA German Trader availed Standby Letter of Credit from Bronze Wing Trading,
the SBLC Providers in Dubai to conclude their raw leather deal.
Problem Challenge Solution
A German Trader Required SBLC
MT760
Avail MT760 without Cash Margin/Bank
Facility
Getting Help from BWT, the SBLC
Providers in Dubai
About this templateProblem: A German Trader Required SBLC MT760
A German trader is running a leather product manufacturing plant in
Germany. To expand their business, they decided to purchase raw leather
cow hide from an Italian Supplier.
Since the buyer didn’t have sufficient funds to conclude their deal, they
decided to make Standby Letter of Credit – SBLC MT760 as a payment
term.
About this templateChallenge: Avail MT760 without Cash Margin/Bank Facility
Since the German trader didn’t have cash margin or existing bank facility
to avail SBLC from their bank, they looked for some other options to get it
issued in favor of their supplier.
While searching online, they read Bronze Wing Trading Case Studies and
contacted us immediately with their SBLC request.
About this templateSolution: Getting Help from BWT, the SBLC Providers in Dubai
Once we received their request, we approved their SBLC transaction & asked them to sign the service agreement and to pay the admin charges.
They signed the agreement & paid the charges. And then, we started structuring their transaction and sent the SBLC draft for their approval.
The buyer verified and approved the SBLC draft and also paid the SBLC issuance fee charges.
After which, we instructed our bank to issue the required SBLC in favor of the supplier via authenticated Swift MT760.
About this templateDeal Concluded Successfully!
The supplier received the SBLC and started shipping raw leather to the
buyer’s destination port.
The buyer received the raw leather & started manufacturing different
kinds of leather products and earned more profits.
Deal Concluded Successfully!
Read the Full Story Here
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