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MT760

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

Textile Trading Company in UAE Availed SBLC to Purchase Fabric Weaving Machines

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The Fabric and Textile industry is most in-demand in UAE, accounting for around 49.7%, as per the recent statistics. A wholesaler, manufacturer, and distributor of apparel in UAE had a requirement to purchase Fabric Weaving Machines; to meet the emerging demands of garments in UAE. They have decided to proceed with this deal by choosing SBLC as a payment term. The Client’s Requirement to Avail SBLC A UAE-based textile trading factory decided to increase its annual turnover by expanding its operation. So, they decided to import weaving machines from reliable sellers; and found the one in Germany. Since the buyer […]

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

A German Trader Availed MT760 from Bronze Wing Trading to Import Raw Leather from Italy

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Leather is one of the most popular traded commodities worldwide. The growth for raw leather demand has been driven by the fashion industry, mostly in footwear and garments. With other global players in the leather industry, they were also looking for new sources of raw material. The German trader decided to expand their leather production by importing raw leather from a trusted supplier in Italy. The payment term with the seller for their raw leather deal was agreed upon as SBLC MT760. The Client Required MT760: The German trader started searching for a global supplier of raw leather and found […]

Case Studies, Success Stories

SBLC MT760 to Import 3D Printing Consumables from China

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Understanding the emerging needs of this digital world, the leading company in India decided to expand its business wings in 3D Printing Consumables import and export. But unfortunately, all their funds were locked in some other businesses. So, they decided to start the new trading business by availing SBLC MT760. And they started looking for suppliers who were ready to supply the printing supplies based on the payment term Standby LC. The Problem: Indian Trader Required SBLC MT760 The trader started searching for reliable suppliers of 3D printing supplies. They posted an AD in all portals & other marketplaces. Finally, […]

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

Bronze Wing Trading provided Standby LC on behalf of Thailand buyer for their steel sheets deal

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A Thailand based trader concluded their steel deal with the help of Standby LC provided by the Genuine SBLC Providers in Dubai The Thai trader deals with buying / selling steel sheets from sellers and then supplies to the local market. The trader has received a bulk deal to supply steel sheets to buyers in the local market. They started searching for suppliers who are ready to supply tons of steel sheets on a regular basis. And, finally, they had chosen the best exporter from India. Problem Faced: Need of Standby LC MT760 The seller was ready to supply the required […]

Case Studies, Success Stories

UAE Trader Concluded Gold Deal with the Help of SBLC Providers in Dubai

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Ukraine stands as the top exporter by boasting a solid share of approx. 96% of India’s total import of oil in the last five years. If you’re looking to import sunflower oil from Ukraine; then make use of DLC payment to secure your trade deal. Continue reading to know our recent success in assisting an Indian buyer to import sunflower crude oil from Ukraine using a Letter of Credit. Our Client The client is running their own sunflower oil refinery in India. Their business is to import sunflower crude oil from overseas suppliers, then refine it to make it edible […]

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

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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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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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