Swift MT799 – Bank Comfort Letter – BCL Bank

Bronze Wing Trading’s Success

in Providing Bank Comfort Letter – Swift MT799

for Sugar ICUMSA 45 Deal

Presented by www.importletterofcredit.com

The Client Synopsis A Thailand buyer required Bank Comfort Letter – Swift MT799 on behalf of their company to prove their financial capability to their supplier to import bulk quantity of sugar. Bronze

Wing Trading, the trade finance providers in Dubai facilitated Bank Comfort Letter from rated bank account without blocking their working capital.

Problem

Challenge

Solution

Contract Signed Between Both Parties

Problem: The Client Required Bank Comfort Letter As a part of expanding their business, a Thailand buyer decided to import Sugar ICUMSA 45 from a reliable supplier and then supply it to the local market to earn profits.

So, they started searching for a supplier who can provide the required quantity of sugar at the very affordable price. From Alibaba, the B2B Portal, the buyer found a supplier from Brazil.

The Brazilian Supplier was ready to supply 25,000 MT of Sugar ICUMSA 45 per month, but before signing the contract, they wanted to see the financial capability of the buyer.

So, they asked the buyer to provide Bank Comfort Letter – BCL MT799.

Challenge: How to Avail BCL MT799 without Blocking Cash Funds Due to economy recession, many banks are saying “NO” to their client’s for their trade finance requirements.

The buyer’s BCL request was also rejected by their bank, as the client don’t have enough cash funds to maintain the margin amount of their bank account to get BCL MT799 on behalf of their company.

Since the Sugar import deal seems to be the worthy one, the buyer started searching for the ways to avail BCL MT799 from private trade finance providers.

Solution: Bronze Wing Provided BCL MT799 Our team discussed with the client and understood their requirements. Then we asked them to send an email along with the proforma offer of their trade deal.

Since the client met all our parameters, we approved their request. Then we asked them to sign the service agreement & to pay the service charges.

Once it was done, we blocked our bank limit and structured the BCL draft & sent it for their approval.

After the BCL draft approval & BCL issuance fee received, we requested our bank to issue the required BCL to the Brazil supplier’s bank account via Swift MT799.

Final Outcome: Contract Signed Between Both Parties After receiving the BCL MT799 on behalf of the buyer, the Supplier found that the buyer has the financial ability to purchase bulk quantity of Sugar.

Final Result: “The Supplier & The buyer Signed the Contract of Sugar ICUMSA 45 Import Deal�

Read the Full Story

Avail Bank Comfort Letter Swift MT799 From Us

Prove Your Financial Capability to Your Supplier With Bank Comfort Letter!

We Provide BCL MT799 From Rated Banks!

No Need to Block Your Working Capital!

Apply Now

We Are Now Available on: Botim / HiU Messenger / C'Me / Voico UAE Office Phone: +971-4-5519699 Mobile Phone: +971-50-4648761

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