FAQs
If you’re thinking to get our Trade Finance Facilities, you may have questions about our process. It’s our responsibility to clarify all your queries. Read our FAQs section to get the answers for all your enquiries. If we don’t have an answer to your question in the below section, please do not hesitate in contacting us! You can send an email to us at support@importletterofcredit.com or send us your enquiry by filling the requirement form
We provide Letter of Credit, Standby Letter of Credit, Bank Guarantee, Performance Bond Guarantee, Bid Bond, Advance Payment Guarantee and Bank Comfort Letter.
Bronze Wing Trading is located in Dubai, United Arab Emirates.
Bronze Wing Trading is the Direct Provider.
Bronze Wing Trading is in business from decades.
The minimum transaction value that Bronze Wing Trading deals with is USD/EUR/GBP 250,000/-.
Bronze Wing Trading can provide maximum value of financial instrument in tranches of USD/EUR/GBP 5M per day. For Example: If you require SBLC for value USD 20M, then we can provide in 4 tranches of USD 5M per day.
The issuance fee charges of the financial instrument can either be transferred in our bank account or paid in our Dubai office on the day of its issuance.
Yes, Bronze Wing Trading accepts payment by Escrow with a law firm in Dubai and the client needs to cover the law firm charges. Also, the minimum transaction value needs to be not less than USD/EUR/GBP one (1) million.
No, Bronze Wing Trading does not accept MT 103/23 or ICBPO being issuance fee charges of the required financial instrument.
No, Bronze Wing Trading does not accept LC/SBLC/BG being issuance fee charges of the required financial instrument.
The issuance fee charges of the financial instrument are to be paid only to Bronze Wing Trading.
Brokers may add up their commission/referral fee/brokerage fee on top of our issuance fee charges to their clients. If Bronze Wing Trading receives the commission charges, it will be reimbursed to the broker’s designated bank account.
The issuance fee needs to be paid before opening the financial instrument to cover the bank commission, its processing fee and swift charges as per normal banking system.
No, all the financial instruments, once issued cannot be cancelled as they are Irrevocable.
The financial instruments’ charges depends on various parameters. Our marketing staff can provide you with an up-to-date tariff upon receipt of your transaction details.
Once the financial instrument is issued, it’s issuance fee cannot be refunded. We recommend to all our clients that they need to assure themselves of their supplier’s ability to perform before requesting us to issue any banking instruments.
Bronze Wing Trading can provide the financial instruments in USD, EUR or GBP.
| FINANCIAL INSTRUMENTS | VALIDITY | ||
| Letter of Credit | 90 DAYS | 180 DAYS | NA |
| Standby Letter of Credit | 90 DAYS | 180 DAYS | 365 DAYS |
| Bank Guarantee | 90 DAYS | 180 DAYS | 365 DAYS |
| Performance Bond Guarantee | 90 DAYS | 180 DAYS | 365 DAYS |
| Bid Bond | 90 DAYS | 180 DAYS | 365 DAYS |
| Advance Payment Guarantee | 90 DAYS | 180 DAYS | 365 DAYS |
Yes, Bronze Wing Trading can provide a TRANSFERABLE financial instrument upon client’s request.
Yes, the financial instrument is renewable and can be renewed prior 15 days of its expiry, subject that the client pays its renewal charges.
Upon receipt of the required documents and issuance fee charges in our bank account; Bronze Wing Trading will conclude the transaction in two (2) banking days.
No, Bronze Wing Trading does not require any Financial Collateral. But before issuance of the financial instrument, Bronze Wing Trading will obtain an undertaking from client’s company stating that in case of any claim arise under the issued financial instrument, client’s company will cover the entire amount of the claim.
Bronze Wing Trading does not provide loan or finance in terms of cash investment.
No, Bronze Wing Trading is not trading (buying or selling) any financial instruments.
No, Bronze Wing Trading does not discount or finance against any financial instrument.
Bronze Wing Trading has accounts with several European Banks. Based on the transaction, the client will be informed about the issuing bank name, prior to the final stage of deal conclusion.
Yes, Bronze Wing Trading will provide the draft / text of the financial instrument for the client’s approval, once the deal is finalized.