Letter of Credit – LC Payment – LC MT700

1. Case Study DEAL Concluded Successfully With Letter Of Credit Facilitated By Bronze Wing Trading Presented by www.importletterofcredit.com

2. Introduction An Indonesian Firm gained a profitable contract from the local buyers for the supply of iron ore. For this, the trader required Letter of Credit in favor of their supplier. Bronze Wing Trading facilitated Letter of Credit on behalf of their company to conclude the deal successfully. Problem: Required Letter of Credit Challenge: How to Find Letter of Credit Provider Solution: Get Help from BWT, LC Provider Problem: Required Letter of Credit To meet the emerging needs of iron ore in the local market, the Indonesian trader decided to purchase iron ore from a Brazilian Supplier. The supplier wanted to secure their deal with a financial instrument & requested the buyer to provide Letter of Credit on their favor to conclude the iron ore deal. The buyer agreed to their request and started searching for Letter of Credit Providers. Challenge: How to Find Letter of Credit Provider The buyer contacted their banks to get LC MT700 on their behalf. But the bank asked for 100% cash margin to proceed further. Since the buyer doesn’t have enough cash balance in their account & also, had a low credit score, it became impossible for them to arrange for cash margin. So, they decided to search for private trade finance companies. After spending more time for research on B2B portals, they came across with Bronze Wing Trading, Letter of Credit Providers in Dubai. Once they visited our website, they found that “We specialize in offering Letter of Credit on behalf of buyers from rated banks without obtaining any cash margin.” So, they instantly submitted their request to us through our website. Solution: Get Help from BWT, LC Provider After receiving their LC request, we studied and analyzed their trade deal thoroughly to find out whether they met our eligibility terms or not. Since they fallen into our parameters, we approved their request. The client signed a service agreement with us and paid the admin charges. After that, we started working on the transaction. We blocked our bank limit as per the trade requirement & issued the LC draft to the client for their approval. The client reviewed and approved the draft accordingly. Then, they paid the LC issuance fee charges & provided all the needed documents to proceed with the transaction. Once they comply with our terms & conditions, we instructed our bank to issue the required LC on behalf of the buyer. Accordingly, our bank issued the Letter of Credit via authenticated Swift MT700 to the supplier’s bank.

3. Final Result: Deal Concluded Successfully Once the supplier received Letter of Credit in their favor, they shipped iron ore to the buyer’s destination, as per the agreed contract. The buyer received the product & supplied it to the local market and earned handsome profits. This is How Bronze Wing Trading Helped an Indonesian Buyer to Conclude Their Iron Ore Deal with Letter of Credit Full Story, Click https://importletterofcredit.com/letter-of-credit-provider Avail Letter of Credit From Rated Banks – No Financial Collateral Required! Bronze Wing Trading L.L.C., the Letter of Credit Providers in Dubai specializes in assisting traders to conclude their trade deal by providing LC MT700 on behalf of buyers and in favor of suppliers from rated banks, without pledging any financial collateral. Contact Details Address: Office 3002, Aspect Tower, Business Bay, Dubai, UAE. Visit Us: www.importletterofcredit.com Email Us: support@importletterofcredit.com Call Us: 00971-4-5519699 Follow Us On Facebook: www.facebook.com/bronzewingtrading Twitter: www.twitter.com/bwtradefinance LinkedIn: www.linkedin.com/company/2644886/admin YouTube: www.youtube.com/user/bwtradefinance Contact Us Now With Your LC Request! We Will Get Back to You With a FREE Quote As Soon As Possible! Visit https://importletterofcredit.com/letter-of-credit