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MT760 Guarantee

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 […]

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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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