BG MT760
US Trader Availed Bank Guarantee Letter to Import Medical Devices from Germany
Respond to the shortage of medical products and devices to tackle the COVID pandemic, a US trader decided to import Medical devices from Germany. [...]
Read more US Trader Availed Bank Guarantee Letter to Import Medical Devices from GermanyWhat is Advance Payment Guarantee?
What is an Advance Payment Guarantee? Advance Payment Guarantees are the written commitment issued by a bank; to secure the payments made by the [...]
Read more What is Advance Payment Guarantee?What is a Performance Bond and How Does It Work?
What is a Performance Bond? Performance bonds are issued by the banks to assure the positive outcome of the project or trade deal. It is mostly [...]
Read more What is a Performance Bond and How Does It Work?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 [...]
Read more What is Import Finance Facility for Trade & How Does It Work?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 [...]
Read more Different Types of Bank Instruments Available for TradersTypes 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 [...]
Read more Types of Bank Guarantees and Its Definition