SBLC MT760 – SBLC Providers – SBLC Finance

Case Study An Indian Trader Imported 3D Printing Consumables from China with SBLC MT760 Provided by

Bronze Wing Trading Presented by www.importletterofcredit.com

Story Overview Bronze Wing Trading helped the Indian trader to conclude their 3D Printing consumables deal by providing Standby Letter of Credit – SBLC MT760 on behalf of the buyer & in favor of the Chinese Supplier.

Problem: The Trader Required SBLC MT760 Solution: BWT Issued SBLC MT60

Challenge: To Find SBLC Providers

Problem: The Trader Required SBLC MT760

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The Indian trader didn’t have the enough cash funds available to import 3D Printing supplies, so they decided to choose a supplier who agrees to supply the products based on the payment term “SBLC.

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Accordingly, they chosen the supplier from China who required SBLC in such a way that can be monetized from their end to get the cash funds needed to arrange the required goods from the principal supplier.

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Understanding the requirements of the supplier, the Indian trader started working on the process to avail SBLC that can be discounted at the supplier’s

bank.

Challenge: To Find SBLC Providers

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The Indian trader contacted their bank and other private sectors. But all declined their request by asking cash margin or security to issue MT760.

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While searching for SBLC providers, they came across with an advertisement in “Gulf Business” portal, that says – “Avail LC, SBLC, BG, & BCL for Importers & Exporters”.

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Instantly, they sent an email requesting SBLC with all the details of their 3D printing supplies deal.

Solution: BWT Issued SBLC MT760

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Our team analyzed their requirement & approved the SBLC request. The Client signed the service agreement & paid the admin charges to initiate the work on their transaction.

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We started structuring the SBLC draft in such a way that the supplier can do SBLC discounting from their bank to get cash funds & sent the SBLC draft for the client’s approval.

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The Client approved the draft and paid the SBLC issuance fee charges.

Instantly, we contacted our bank with a request to issue the required SBLC to the supplier’s bank via authenticated Swift MT760.

End Result: The Supplier Received the SBLC within 48 Working Hours.

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Once the supplier received the Standby LC from the buyer, they contacted their Bank for SBLC discounting. Since the Supplier maintained a good track record with their bank, the bank approved their SBLC discounting request & provided the funds against the issued SBLC to mobilize their export.

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The Supplier arranged Printing Supplies from the Principal Supplier & shipped it to the Buyer’s Destination Port.

Deal Concluded Successfully!

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