A Thailand buyer decided to expand their business by supplying Sugar ICUMSA 45 to their local market. To start this new venture, the buyer planned to purchase a huge quantity of sugar from reliable suppliers who are readily available to supply sugar at the best offer. Further, the Thailand buyer made their business idea true, when Bronze Wing Trading provided Swift MT799 on behalf of the buyer company without blocking their cash funds.
The Client Required Swift MT799
To start their new deal, the Thailand buyer started searching for the reliable suppliers of Sugar ICUMSA 45. And from Alibaba, the B2B portal, the buyer found a supplier from Brazil. The Sugar producer was ready to supply the sugar quantity of 12,500 Metric Tons per month. But the buyer required 25,000 MT per month to meet the needs of the local market. So, they send the BOQ to the supplier. The supplier stated that they had the product in stock which was ready for shipment; but before signing the contract, they wanted to see the financial capability of the buyer to purchase a bulk quantity of sugar. The buyer agreed to the supplier’s demand; and, they stepped into the next process to avail BCL MT799.
The Client Found Us to Avail MT799
Due to the economic recession, many banks were saying “No” to the trade finance needs of their clients. As the same, the buyer’s BCL request was also declined by their Bank, since the cash available in their bank account doesn’t meet the banking norms. So, the buyer started looking for other options and found us on Google. They visited our website & read Bronze Wing Trading’s Reviews and Success. They felt satisfied with the way we work for our clients. Instantly, they called us to discuss regarding their BCL requirements. The buyer stated the reason for the rejection of their BCL request by their bank. Our team understood the buyer’s requirements; and asked them to send an email along with the details of their trade deal.
The Client Availed Swift MT799 from Us
Within a couple of hours, we received the email from the client stating their BCL request along with a copy of the proforma offer. Our team did a careful study on their Sugar ICUMSA 45 deal and approved their request to issue the BCL MT799 on their behalf. We asked the client to sign the service agreement and to pay the service charges to start the work on their transaction. Once the agreement was signed and the charges were paid, we blocked our bank limit and structured the BCL draft as per their need. And then, we sent the BCL draft for the client’s approval. The client approved the draft; also, paid the issuance fee to issue the required BCL MT799 from the bank. After receiving the charges, we requested our bank to issue the Bank Comfort Letter to the supplier’s bank via Swift MT799.
Final Result: Deal Concluded Successfully With the Issued Swift MT799
Once the supplier received the BCL MT799 in their favor, they came to know the financial stability of the buyer. Further, the Brazil Supplier signed the sugar contract with the Thailand Buyer and the deal concluded successfully!
The Thailand buyer felt satisfied with our trade finance services and conveyed their sincere thanks to us. They also stated as follows, “I would absolutely recommend BWT to other traders, who are looking for trade finance services. They did the best to make sure that we got exactly what we wanted. Also, I am definitely looking forward to work again with BWT for my incoming trade deals.”
Do you Require BCL MT799 to Prove Your Financial Worth?