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Case Studies, Success Stories

Issued MT760 Bank Guarantee to Import Nitrile Gloves from Malaysia

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A US buyer decided to import Nitrile Gloves from overseas and then supply it to the local market to earn some profits and also to meet the emerging demands for Personal-Protective-Equipment Supplies. Bronze Wing Trading Ltd., the International Bank Guarantee Providers in Dubai supported the US trader with their Nitrile Gloves deal by facilitating MT760 Bank Guarantee on behalf of their company & in favor of their seller. MT760 Bank Guarantees Requirement In today’s environment, many essential medical supplies are in short supply, especially medical gloves. To meet this demand, the US trader decided to import Nitrile Powder Free Medical […]

Case Studies, Success Stories

US Trader Availed Bank Guarantee Letter to Import Medical Devices from Germany

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Respond to the shortage of medical products and devices to tackle the COVID pandemic, a US trader decided to import Medical devices from Germany. To support them in this deal, we, the Bank Guarantee Providers in Dubai used our own bank facilities to get the required Bank Guarantee Letter on behalf of the buyer without blocking their capital. The Client Required Bank Guarantee Letter: The crisis caused by the COVID-19 created a lack of medical devices such as PPE Supplies, ventilation, oxygen gas cylinders, etc. needed to fight against the virus. In response to this, the US trader decided to […]

Case Studies, Success Stories

A Spanish Contractor Availed Performance Guarantee in Construction Contract From BWT

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The Contractor runs a privately owned firm with a history of completing millions of dollar projects. Recently, they were awarded for a project to build a high-rise residential building in Spain. Bronze Wing Trading helped the Spanish Contractor to avail of this lucrative project by providing a Performance Guarantee in Construction. The Client’s Synopsis The Developer in Madrid relayed a tender for their high-rise building project. The contractor quoted their bid and won the project. But to sign the contract and to enter into the project; the project owner asked the contractor to provide Performance Bond in their favor. So, […]

Case Studies, Success Stories

Issued Bid Bond Guarantee for a Construction Firm in South Africa

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In the mid 2019, a Construction Contractor in South Africa contacted us to avail Bid Bond Guarantee on their behalf. They were looking to submit their proposal for the bidding of a construction building project. This construction project was more than twice the size of any of their previous building projects. So, they did all their best to win the project without fail. They quoted the bid and took care of all the things needed to win the bidding contest. Since they had the financial ability and manpower to complete this project, they decided to submit their proposal. But the […]

Case Studies, Success Stories

Issued Surety Bond for an Indian Trader to Sign Cement Import Deal

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An Indian trader who deals with construction supplies received a deal to supply cement in 50kg bags to a client in Liberia. The Liberian company wanted a lot of cement on an urgent basis upon the assurance of the Surety Bond. Problem: An Indian Trader Needs Surety bond The buyer asked the seller to provide them a 2% Performance Bond of the contract value. Once the buyer received a 2% performance guarantee, they have to open a Letter of Credit in favor of the seller. The seller didn’t want to lose this chance for a huge profit. So they wanted […]

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Trade Finance Solutions for Importers and Exporters

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The world of global trade has been growing at an increasing rate. Today, all the developed and developing countries are indulged in the import and export of goods to meet the emerging needs of their country. But, to make these trade dealings operate in a smooth way; buyers and sellers often opt for Commodity Finance. The use of Trade Finance Solutions not only just makes transactions easier; but also helps to do global trade without facing any issues or risks. The term “Trade Finance” refers to the different types of Financial Instruments that can allow traders to trade without any […]

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What is a Performance Bond and How Does It Work?

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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 used by the contractors in building projects to provide assurance to the project owners. This is to say; that they will comply with the terms of the contract without fail. Also, this assures that in case, if the contractor fails to act as per the signed contract. Then, the counter party has a right to claim the bonds. In this way, the project owner will cover the losses incurred in the project. For example, […]

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What is Advance Payment Guarantee?

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What is an Advance Payment Guarantee? Advance Payment Guarantees are the written commitment issued by a bank; to secure the payments made by the project owner or the buyer; against any default by the contractor or the seller. The main purpose of this bond is to ensure that in case the contractor or the seller defaults in performance; then the client can call the bond; to recover the advance payment made. This is also referred to as a Payment Bond. If a seller or contractor requires advance payment from their buyer or project owner to meet the start-up cost of […]

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What is Import Finance Facility for Trade & How Does It Work?

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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 financial issues. Trade Finance bridge the trust issues between two parties who are doing global trade by sitting in two different countries. Making use of Import Finance can make cross-border trade easier and less risky by protecting both parties. Trade Finance plays a vital role in global trade. Nearly 80-90% of traders are using trade finances to conclude their trade deals without investing their cash funds. To meet the growing demand for trade finance […]

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Types of Bank Guarantees and Its Definition

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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 terms; then they need to make the payments on their behalf. There are different types of Bank Guarantees available for traders and contractors. Guarantee Letters are used in bulk trade dealings such as – purchasing equipment, heavy machinery, raw materials or to get funds to run businesses and so on. Further, to facilitate all these deals, the Banks act as a guarantor that the payment will be made on time; and if not, they […]

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Different Types of Bank Instruments Available for Traders

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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 financial sectors have created a range of Bank Instruments; to provide the trade finance support. Mostly, these trade finance tools tailored to satisfy the demands of the traders. The role of trade finance services in global trade is notably important to conclude the deals successfully. Importance of Bank Instruments Using a Bank Instrument for business serves as a source of working capital to conclude trade deals. So, no need for traders to utilize their cash […]

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What Is The Procedure For Applying Trade Finance Facilities?

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Have a million dollars worth of deal pending in your hand? Can’t be able to precede the deal due to lack of cash flow? Most traders don’t always have a million dollars sitting in their bank account, as they utilized it to manage other core businesses. So, to carry out their transaction and to secure their deal, they used to get help from trade finance facilities. Trade Finance Facilities – Definition It acts as a complete solution that includes a wide range of financial tools that helps buyers and sellers to conclude their transaction faster and even secure. The instruments […]

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