
Bronze Wing Trading, Letter of Credit Provider facilitated LC to iron ore buyer in Indonesia
An Indonesian firm had gained a worthy contract for the supply of iron ore from their local buyers. During their search, they came across a seller of iron ore in Brazil. As the seller is well aware of the risks in global trade, as they demanded an LC. Since the buyer & the seller were mutually agreed to opt LC MT700 as their payment term, they decided to get help from the Letter of Credit Provider to avail LC. Problem: Need to Find Letter of Credit provider Initially, the Indonesian Company contacted their Bank to avail LC MT700. But the Bank asked the buyer to provide a 100% cash margin to open LC on their behalf. As the trader is running a small business, it was really difficult























