Bank Comfort Letter popularly known as BCL (MT-799) or a Bank Commitment Letter is issued by a bank on behalf of their customer who has entered in a contract to purchase huge merchandise/commodities from a supplier confirming their financial capability to carry out the transaction.
Bronze Wing Trading L.L.C provides the Bank Comfort Letter on behalf of its clients/buyer towards their supplier showing the buyer’s financial capability for purchasing of the goods/commodities as per the signed contract. You can avail BCL from Bronze Wing Trading L.L.C to conclude your trade deals.
Below are the step by step procedures to obtain BCL from BWT :
1. Buyer submits requirement in terms of pro-forma invoice or buy and sell contract of their trade deal to BWT.
2. BWT carries due diligence of their commercial transaction between buyer & seller and will inform the concerned parties about the approval or rejection of their BCL application.
3. Once the BCL application is approved then the buyer will provide certain documents and pay the BCL issuance fee charges.
4. BWT will immediately act and will provide from their bank the required BCL on behalf of buyer & in favor of their supplier to prove the buyer’s financial capability for concluding their trade deal.