MT700

Case Studies, Success Stories

Our Success in Issuing LC Payable at Sight On Behalf of South African Rice Dealer

A South African agro-food dealer with a huge database of local buyers engaged in buying and supplying various grain products – rice, wheat, pulses, spices, etc. South-African Buyer required LC Payable at Sight on behalf of their company to import IR64 Raw Rice from a reliable supplier. Read our success in assisting the rice buyer with their LC at Sight requirements. The Rice Buyer Required LC Payable at Sight Our Client, the agro-food trader in South Africa had a requirement to purchase 10,000 Metric Tons IR64 Raw Rice. Since the buyer required the min. quantity of 10000 MT of rice […]

Case Studies, Success Stories

Bronze Wing Trading Facilitated 90 Days LC at Sight to Import Soyabean Meal Animal Feed from Brazil

A Chinese buyer required 90 days LC at Sight to import Soyabean meal animal feed from Brazil. Bronze Wing Trading, the Letter of Credit Providers in Dubai provided Documentary LC at Sight valid for 90 Days on behalf of the buyer and in favor of Brazilian seller from European Banks! 90 Days Documentary LC at Sight Requirement The Chinese buyer specializes in exporting Agro waste products for animal feed such as Soyabean meal, Fish meal, etc. Further, to expand their business and to cover more local markets; they required 5000 MT of Soyabean Meal of animal feed of the best […]

Case Studies, Success Stories

Morocco Trader Required DLC at Sight to Import Used Rail Scrap from South Africa

The leading scrap trader in Morocco contacted Bronze Wing Trading, the Letter of Credit Providers in Dubai to avail Documentary Letter of Credit – DLC at Sight to conclude their used rails trade importation. We helped the trader by providing the required DLC MT700 from our rated European bank account without collateral. Read this story to see how we helped the Indian-trader with their LC requirement. The Client Required DLC at Sight for Their Trade Deal The Client is running a Scrap Recycling Unit in Morocco. To expand their product line, they decided to import South Africa Origin Used rails […]

Case Studies, Success Stories

Issued Confirmed LC for a Nigerian Trader to import Medical Gloves and Masks from China

Understanding the benefits of confirmed LC, the Nigerian trader contacted Bronze Wing Trading, the trade finance providers in Dubai to get Confirmed LC to purchase medical gloves and masks from a Chinese supplier. See how we supported the client with their Letter of Credit transaction. The Trader Required Confirmed LC Since the start of the COVID-19 outbreak, the demands and needs of PPE supplies like gloves and masks have been increased. Also, countries are facing a spike in demand for PPE due to the Covid-19 pandemic. So, to meet the market demands, the trader decided to purchase gloves and masks […]

Case Studies, Success Stories

Letter of Credit LC MT700 Issued for a Liquefied Petroleum Gas Deal

The demand for petroleum products has increased by 1.3% in early 2019. The Japanese importer thought that it was the right time to import LPG Gas from the Gulf countries. Further, they also planned that by importing LPG gas and supplying it in the local market, they can earn good profit. Accordingly, they decided to avail LC MT700 to secure their deal with the supplier. The Problem: The Buyer Needs LC MT700 The buyer started searching for reliable exporters of LPG and finally, they picked one of the suppliers from Qatar. They both had a discussion via phone and decided […]

Case Studies, Success Stories

Letter of Credit Providers in Dubai Issued LC at Sight for a USA Trader

The Import and Export Company in Florida got the offer to supply tractor tires to the buyers in Texas. So, they looked for genuine tractor tire suppliers, who could deliver the goods at a fair price. Luckily, the company found a tire supplier in China who demanded the Letter of Credit MT700 as payment terms. So, they decided to get MT700 from their bank or via a Letter of Credit providers. Problem Faced: Need To Open MT700 to Conclude the Deal In the first attempt, the trader decided to avail MT700 from their bank. So, the buyer stepped into the […]

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LC vs SBLC – Which Works Better for International Trade Transaction?

Don’t know whether to choose Letter of Credit or SBLC MT760 for your global trade deal? Do you want to know which Bank instrument works better for global trade deals? This blog answers all your queries! “Is LC MT700 & SBLC MT760 are the same?” This is the most common question we hear from traders when it comes to choosing Bank Instruments. But the answer is “Not at all”. Let us see – What is a Letter of Credit, What is a Standby Letter of Credit & the Difference Between LC vs SBLC. What is a Letter of Credit? Letters […]

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How to Import Goods from China Using Letter of Credit?

Usually, North China exports industrial goods such as machinery parts, equipment, etc. and East & Central China exports all kinds of commodities & South China export hi-tech products and fashion accessories. From machinery parts to fashion accessories, China stays as the top destination to import goods at the best prices. You want to import goods from China, but don’t know how to start with your imports & the payment terms used? Bronze Wing Trading, the Letter of Credit Providers in Dubai has provided complete information on – The Most Common Payment preferred by Chinese vendors & the easy way to […]

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Import LC Issuance Process and How It Works

Described in different names such as – Documentary Credit, LC at Sight & Import LC, Letter of Credit stands as an important tool for carrying out global trade transactions in a safe and secure way. If you’re looking to get an Import Letter of Credit for your overseas trade deals, then it’s a must to know about its issuance process and how it works for you. In this blog, we are going to discuss on – What is Import LC issuance process and the Letter of Credit Working Process. What is Import LC? Import LC is issued by the importer’s […]

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