what is letter of credit and how to apply? – bronze wing trading llc
DESCRIPTION
Bronze Wing Trading, the leading provider of trade finance services in Dubai provides Letter of Credit on behalf of buyers/importers & in favor of suppliers/exporters. We provide trade finance services from rated European Banks within 48 banking hours. To get Letter of Credit MT700, write us: [email protected] or visit us: https://www.bwtradefinance.comTRANSCRIPT
Presented by
www.bwtradefinance.com
Bronze Wing Trading
– Letter of Credit
Providers in Dubai
Send us your requirements to: [email protected] or visit https://www.bwtradefinance.com/letter-of-credit-lc/
Avail Letter of Credit from Rated Banks
Often referred as LC or DLC, Letter of Credit is a guarantee, issued by a bank at their clients’
(buyer) request; in favor of the supplier. This Letter of Credit assures that the seller will receive the
payment in a specified currency within the certain time period, as agreed in the contract.
Due to the nature & risks involved in international dealings, the use of Letter of Credit has become
a major trait of international trade. Unfortunately, not everyone is able to get this type of guarantee
that they may need to keep their business growing, because of the demands & securities of the
bank. Usually, banks may demand cash margin, or third party assurance to substantiate the
issuance of LC.
Steps to Avail LC from Us
1. The client submits their LC
request to BWT in terms of Sales &
Purchase Agreement or Proforma
Invoice of their trade deal.
2. Our team at BWT analyzes their
trade deal carefully to decide
whether their request is approved
or not.
3. If approved, we will inform the
client & ask them to pay their
admin charges to start working on
their LC transaction.
4. Once we received the admin
charges, we will proceed with their LC transaction & send the LC draft for their review & approval.
5. The client verifies the LC draft & acknowledges their approval to us.
6. Once we receive the LC draft approval from the client, we will inform them to pay the LC issuance
fee & the needed documents to proceed further.
7. After receiving the documents & issuance fee from the client, we will request our bank to issue
the LC as per the approved draft. Our bank will open the Letter of Credit and will transmit via
authenticated Swift MT700 to the supplier’s bank account within 2 banking days.
Do you require Letter of Credit from Rated European Banks without pledging any cash margin?
Contact Bronze Wing Trading L.L.C.!