We all know that Gold is one of the popular merchandise among traders. Most gold traders and goldsmiths of UAE companies are looking to purchase gold dust from Ghana. But many of them are facing difficulties to conclude their trade due to lack of cash & lack of access to financial tools. Recently one of the traders from UAE concluded their deal with the help of Standby LC provided by BWT, SBLC providers in Dubai.
Problem Faced: No Banking Facility Available for SBLC MT760
The gold trader in the UAE got an amazing deal to import gold dust from Ghana. But to proceed further, the seller required an MT760 as per sales & purchase agreement. But the buyer didn’t have existing bank facilities. So, they were unable to raise the Standby LC from their own bank account.
Challenge: To Find the Trusted SBLC Providers in Dubai
To avail Standby LC, the buyer had sought help from various banks; but nothing worked out. This was due to the heaps of alike requests and a long list of requirements by the banks. So, the trader started searching online to find out trusted providers. Finally, the search ended here at BWT.
We, the SBLC Provider in Dubai has helped many global/local traders to conclude their trade deals promptly. Knowing the integrity of BWT and its services, the gold buyer contacted BWT online with his request. He submitted the SPA between the buyer and the seller.
To discuss further and to understand about Standby LC, the buyer requested to have a meeting in our Dubai office.
Solution: SBLC Providers Helped the Trader to Conclude Their Deal
After having studied the client’s precise requirements, we gave approval to the gold dust importer. After that, the importer paid the SBLC issuance fee to us. Instantly, we requested the bank to issue the Standby LC via swift MT760 to the gold dust supplier’s bank.
With the prompt services rendered by us, the UAE-based buyer was really very happy. Finally, they became a good carrier of BWT trade finance services.
To Avail SBLC without any Cash Margin