LC MT700 – Letter of Credit – Trade Finance

Success Story: Japanese Importer Concluded Their LPG Deal with a Qatar Supplier with LC MT700

Issued by Bronze Wing Trading

A Japanese importer availed LC MT700 from Bronze Wing Trading L.L.C. to conclude their LPG deal with a Qatar Supplier.

Problem

Buyer Required LC

Challenge

To Find LC Providers

Solution

BWT Issued LC

The Japanese importer contacted Qatar supplier with the Liquefied Petroleum Gas supply requirement.

The supplier & the buyer mutually agreed to conclude the deal based on the payment term “Letter of Credit�.

So, the buyer needs to arrange Letter of Credit on behalf of their company & in favor of their supplier.

The buyer contacted their bank with the LC request. But the bank rejected their request stating that the buyer had low credit score.

So, the buyer started searching for LC providers in private sectors and found Bronze Wing Trading. And they contacted us with their LC request.

We studied their LC requirement & approved their request. The client signed the service agreement & paid the admin charges and we proceed with their LC transaction.

We sent the LC draft for the client’s approval. They approved the LC draft & paid the LC issuance fee charges.

We instructed our bank to issue the required LC to the supplier’s bank via authenticated Swift MT700.

Bronze Wing Trading L.L.C. assisted the Japanese trader to conclude LPG deal with their Qatar supplier by providing LC on behalf of their company within 48 banking hrs.

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