Bronze Wing Trading Case Study Our Success in
Issuing 90 Days LC at Sight On Behalf of a
Chinese Buyer
Story Overview Bronze Wing Trading L.L.C., the Letter of Credit Providers
in Dubai facilitated 90 Days LC at Sight on behalf of a Chinese buyer to import Soyabean Animal Feed from Brazil. Watch This Slide Show to Know How We Helped the Chinese Buyer to Conclude their Trade Deal!
Client’s Requirement of Soyabean Animal Feed The Chinese buyer who deals with agro-waste products for animal feed required 5000 MT of soyabean meal for animal feed of best quality.
The Chinese buyer searched for the supplier and found the one from Brazil via Alibaba B2B portal. The Brazilian Supplier agreed to supply 5000 MT of Soyabean Animal Feed on the basis of 2500 MT per month. The Chinese buyer discussed with the supplier and agreed to use 90 Days LC at
Sight as a payment option.
Client’s Challenge on How to Avail LC at Sight To conclude the Soyabean Animal Feed Deal, the buyer required 90 days LC at
Sight. So, they searched for the Letter of Credit Providers, who can provide LC at Sight from European Banks. The Buyer received a newsletter from us saying “Get Letter of Credit from European Banks”. With a new hope, they contacted us with their LC application.
STEP 1
Client Availed LC at Sight on Their Behalf
Once we received the LC request from the client, we analyzed their trade deal and approved their request. STEP 3
STEP 2 Then, we signed the service agreement with the client and also asked them to pay the service charges. STEP 4
After the receipt of Since the LC draft met service charges, we their requirements, structured their LC & the client approved sent the LC draft to the draft and paid the the client to get their LC issuance fee approval. charges.
Our Bank Issued 90 Days LC at Sight to the Supplier’s Bank Account After Receiving LC Issuance Fee Charges, We Instructed Our Bank to Issue the Required LC to the Supplier’s Bank via Swift MT700.
The supplier received the LC
Deal Concluded Successfully! Read the Full Story Here
MT700 in their bank account & then they started the shipment of soyabean animal feed on the basis of 2500 MT per month, as per the agreed contract.
Do You Require Letter of Credit – DLC MT700 for Your Trade Deal?
Apply Now and Get It Issued Within 48 Hrs
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