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. [...]
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What 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 [...]
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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 [...]
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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 [...]
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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 [...]
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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 [...]
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