Letter of Credit – LC Payment – LC MT700

Case Study
DEAL Concluded Successfully
With Letter Of Credit Facilitated
By Bronze Wing Trading
Presented by
www.importletterofcredit.com

Introduction
An Indonesian Firm gained a profitable contract from the local buyers for the supply of iron
ore. For this, the trader required Letter of Credit in favor of their supplier. Bronze Wing
Trading facilitated Letter of Credit on behalf of their company to conclude the deal
successfully.
Problem: Required Letter of Credit
Challenge: How to Find Letter of Credit Provider
Solution: Get Help from BWT, LC Provider
Problem: Required Letter of Credit
To meet the emerging needs of iron ore in the local market, the Indonesian trader decided
to purchase iron ore from a Brazilian Supplier. The supplier wanted to secure their deal
with a financial instrument & requested the buyer to provide Letter of Credit on their favor
to conclude the iron ore deal. The buyer agreed to their request and started searching for
Letter of Credit Providers.
Challenge: How to Find Letter of Credit Provider
The buyer contacted their banks to get LC MT700 on their behalf. But the bank asked for
100% cash margin to proceed further. Since the buyer doesn’t have enough cash balance in
their account & also, had a low credit score, it became impossible for them to arrange for
cash margin. So, they decided to search for private trade finance companies.
After spending more time for research on B2B portals, they came across with Bronze Wing
Trading, Letter of Credit Providers in Dubai. Once they visited our website, they found that
“We specialize in offering Letter of Credit on behalf of buyers from rated banks
without obtaining any cash margin.” So, they instantly submitted their request to us
through our website.
Solution: Get Help from BWT, LC Provider
After receiving their LC request, we studied and analyzed their trade deal thoroughly to find
out whether they met our eligibility terms or not. Since they fallen into our parameters, we
approved their request. The client signed a service agreement with us and paid the admin
charges. After that, we started working on the transaction. We blocked our bank limit as
per the trade requirement & issued the LC draft to the client for their approval.
The client reviewed and approved the draft accordingly. Then, they paid the LC issuance fee
charges & provided all the needed documents to proceed with the transaction. Once they
comply with our terms & conditions, we instructed our bank to issue the required LC on
behalf of the buyer. Accordingly, our bank issued the Letter of Credit via authenticated
Swift MT700 to the supplier’s bank.

Final Result: Deal Concluded Successfully
Once the supplier received Letter of Credit in their favor, they shipped iron ore to the
buyer’s destination, as per the agreed contract. The buyer received the product & supplied
it to the local market and earned handsome profits.
This is How Bronze Wing Trading Helped an Indonesian Buyer to
Conclude Their Iron Ore Deal with
Letter of Credit
Full Story, Click https://importletterofcredit.com/letter-of-credit-provider
Avail Letter of Credit From Rated Banks – No Financial Collateral Required!
Bronze Wing Trading L.L.C., the Letter of Credit Providers in Dubai specializes in assisting
traders to conclude their trade deal by providing LC MT700 on behalf of buyers and in favor
of suppliers from rated banks, without pledging any financial collateral.
Contact Details
Address: Office 3002, Aspect Tower, Business Bay, Dubai, UAE.
Visit Us: www.importletterofcredit.com
Email Us: support@importletterofcredit.com
Call Us: 00971-4-5519699
Follow Us On
Facebook: www.facebook.com/bronzewingtrading
Twitter:
www.twitter.com/bwtradefinance
LinkedIn: www.linkedin.com/company/2644886/admin
YouTube: www.youtube.com/user/bwtradefinance
Contact Us Now With Your LC Request!
We Will Get Back to You With a FREE Quote As Soon As Possible!
Visit https://importletterofcredit.com/letter-of-credit