Blog Archives - Page 2 of 2 - Import Letter of Credit

We maintain this Bronze Wing Trading Blog section to deliver relevant and informative guidelines, and articles related to trade finance services. We have provided detailed information on each and every topic. And this can even assist a basic trader to start their own import-export business by making use of Trade Finance. We have chosen the topics & written precise guidelines on the queries that are frequently asked by traders & contractors just like you.

Stay tuned with our Bronze Wing Trading Blog section to know how Trade Finance helps to do local and global trade transactions; by improving cash flow and reducing the financial risks involved. Further, if you’re in need of trade finance for your upcoming trade deals or projects; feel free to contact us.

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Methods of Payment in International Trade: Letter of Credit

One of the best methods of payment in international trade is a Letter of Credit. As it gives assurance to both buyers & sellers, this payment term is mostly preferred in trade transactions. While dealing with imports & exports, the most vital thing that the traders often worried about – Payment Terms. Unlike local trade deals, doing trade with traders who are sitting miles away may create worries about the terms of payments. That is – buyers may not want to release their payments prior to the shipment, since, they don’t know whether the seller is readily available with the […]

What is Import Finance Facility for Trade & How Does It Work?

What is Import Finance? Import Finance Facility plays a vital role to assist traders to do trade dealings in a safe and secure way without facing financial issues. Trade Finance bridge the trust issues between two parties who are doing global trade by sitting in two different countries. Making use of Import Finance can make cross-border trade easier and less risky by protecting both parties. Trade Finance plays a vital role in global trade. Nearly 80-90% of traders are using trade finances to conclude their trade deals without investing their cash funds. To meet the growing demand for trade finance […]

Types of Bank Guarantees and Its Definition

What Are Bank Guarantees? A BG MT760 is an assurance between the buyer and the seller. This assures that if the buyer fails to oblige the payment terms; then they need to make the payments on their behalf. There are different types of Bank Guarantees available for traders and contractors. Guarantee Letters are used in bulk trade dealings such as – purchasing equipment, heavy machinery, raw materials or to get funds to run businesses and so on. Further, to facilitate all these deals, the Banks act as a guarantor that the payment will be made on time; and if not, they […]

Different Types of Bank Instruments Available for Traders

Most of the traders are often rely on extra financial sources to conclude their trade deals. To help the traders in need, Federal and other financial sectors have created a range of Bank Instruments; to provide the trade finance support. Mostly, these trade finance tools tailored to satisfy the demands of the traders. The role of trade finance services in global trade is notably important to conclude the deals successfully. Importance of Bank Instruments Using a Bank Instrument for business serves as a source of working capital to conclude trade deals. So, no need for traders to utilize their cash […]

How to Get Bid Bond – Tender Bond Guarantee for Construction Contracts?

What is a Bid Bond Guarantee? Bid Bond Guarantee is a written undertaking or assurance issued by a bank on behalf of its client. This acts as a surety that guarantees the project owner that the contractor who enters into the contest will oblige the bidding terms if they win the project. And this will increase their chance of winning the tender. Hence, construction contractors often look for options on How to Get Bid Bond Guarantee. Moreover, Tender Bond Guarantee ensures the seriousness of the price quoted by the contractor. Also, it assures the project owner that the contractor has […]

The Role of International Bank Guarantees in Global Trade

International Bank Guarantees is a written undertaking issued by a bank as a commitment to assure the payment to the seller; in case of failure of payment terms from the buyer’s end. Bank Guarantees play a vital role in the global trade market by creating assurance between the buyer / the seller. Bank Guarantees will give confidence among the contractors and traders that their trade deal will end up well without any hitch. To bring a clear outline of the Letter of Guarantee, here we have come with an example. For instance: – Company X requires $4 Million worth of […]

What Is The Procedure For Applying Trade Finance Facilities?

Have a million dollars worth of deal pending in your hand? Can’t be able to precede the deal due to lack of cash flow? Most traders don’t always have a million dollars sitting in their bank account, as they utilized it to manage other core businesses. So, to carry out their transaction and to secure their deal, they used to get help from trade finance facilities. Trade Finance Facilities – Definition It acts as a complete solution that includes a wide range of financial tools that helps buyers and sellers to conclude their transaction faster and even secure. The instruments […]

How Does Trade Finance Work for Importers and Exporters?

Expanding business means finding new clients & gaining profits. It seems to be easy to earn profits by doing global trade. Even though, today’s market seems to be planned; there are a few risks involved. That’s why Trade Finance Providers have come up with the solution to help traders to secure their trade from risks and to improve the cash flow. What is Trade Finance? Trade Finance states financing for both domestic and global transactions. This term act as an umbrella term that covers a complete solution. Also, it includes -Letter of Credit, SBLC MT760, Bank Guarantee MT760, and Performance […]

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