Bronze Wing Trading A Trading Company Sun, 20 Sep 2015 05:39:16 +0000 en-US hourly 1 US Trader Grabs Gold Deal with BWT’s Standby Letter of Credit (SBLC MT-760) Sun, 27 Apr 2014 10:27:32 +0000 Worldwide, gold prices over the last couple of decades have triggered interest among investors seeking trading opportunities in the yellow metal.Investors generally buy gold as a way of diversifying risk.

Gold is recognized to be an expensive deal. Just like this U.S. based company, most of the traders, who fortunately landed on a contract to purchase gold, are having difficulty in finalizing the transaction due to lack of sufficient financial capital.Firstly, the buyer must have the proof that the gold literally exists and that it is in fact for sale by the supplier.

In order to proceed with their gold transaction, given their financial status, they opted to acquire Standby Letter of Credit (SBLC MT-760).They attempted to obtain the required trade finance facility from various banks and were in vain to get one due to piles of requirements these banks are imposing them to provide. Until the gold buyer comes in contact with Bronze Wing Trading L.L.C. through its website, that assists buyers to obtain Standby Letter of Credit (SBLC MT-760) with such simple procedure.

As per procedure, Bronze Wing Trading L.L.C., requested the gold buyer to provide all legal documents, including sales and purchase agreement, enable them to process the Standby Letter of Credit (SBLC MT-760) that they applied for. Bronze Wing Trading reviewed and approved their gold transaction and upon receipt of the issuance fee charges, Standby Letter of Credit was effortlessly established.

The US based gold buyer was able to successfully procure the gold commodity by providing the Standby Letter of Credit (SBLC MT-760) in favor of their supplier as per their contractual obligation.

Once the gold received at the agreed refinery, the commodity was technically analyzed and the refinery issued the assay report through which the gold value and its purity were determined.

Based on the assay report of gold commodity the buyer paid the proceeds of gold to the supplier’s bank account to get the ownership of the gold and at the same time they sold the gold to their secondary buyer. In this way they were successfully able to gain the huge amount of profit.

The buyer gratefully admitted that the above transaction was only possible because of the Bronze Wing Trading L.L.C. timely intervention towards the provision of Standby Letter of Credit (MT-760) to turn this deal into success for both the parties.

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South Korean Trader Succeeds on a Big Crude Oil Deal with the Help of BWT BG Wed, 15 May 2013 06:08:25 +0000 A South Korean trader was offered a contract for the supply of crude oil in huge quantity. He came across with a well-reputed entrepreneur in the Kingdom of Saudi Arabia that was able to sell the crude oil in large quantity. Since the South Korean trader’s crude oil requirement was too voluminous and they being a small company, thought that the supplier might be hesitant to deal with them. But luckily, the Saudi Arabian supplier’s payment term was by 100% Irrevocable Bank Guarantee (MT-760), which was eventually agreed upon by the South Korean buyer.

With the sales & purchase agreement in hand, the South Korean crude oil buyer hunted for the assistance of banks that could provide Bank Guarantee (BG) for the purpose. Concurrently, he tried to explore the possibility of seeking help from some private companies and firms dealing in trade finance at the international plane.

During net-search on YouTube, it was discovered that there existed a company in Dubai by the name ‘Bronze Wing Trading’. He instantly clicked the link, played BWT video-clip and was surprised to know that BWT could support them with the requisite Bank Guarantee (MT-760). For more information on how to apply for Bank Guarantee, they visited BWT official website and scanned through the content about the procedural formalities on how to get a Bank Guarantee from Bronze Wing Trading.

After having understood the process thoroughly; the South Korean trader sent the sale and purchase agreement to BWT for study and necessary processing. Bronze Wing Trading assessed their SPA and requested the buyer company to submit some more documents needed to fulfill the requirements. The South Korean firm submitted their company documents accordingly. After thorough examination of buyer’s company documents, BWT notified the South Korean company its approval for BG. The South Korean company transferred the BG issuance fee charges to BWT’s bank account. On receipt of the issuance fee charges; BWT requested their bank to process and to transmit the Bank Guarantee (MT-760) on the same day.

The South Korean received his crude oil purchase order expeditiously with the provision of BWT’s Bank Guarantee to the Saudi Arabian supplier. The South Korean buyer was extremely gratified and impressed with the outcome of the transaction with trade finance facility expertise of Bronze Wing Trading and showed inclination to take the benefit of BWT’s services in future dealings, too.

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BWT’s Google Ads Helped a UK-Based Company to Acquire a Standby Letter of Credit (SBLC) Mon, 29 Apr 2013 05:23:08 +0000 A UK trading company discovered a potential supplier in Russia and signed a contract with them for the supply of steam coal against a colossal deal. The Russian supplier asked for 30% advance payment, at the outset; but their available capital was insufficient to meet the down-payment requirements. Hence, the UK firm negotiated with the Russian supplier who eventually agreed that they provide a Standby Letter of Credit as their payment term.

Since they are already aware that they cannot seek assistance from their bank to issue the SBLC for the reason that it will require them to back it with 100% cash margin as collateral, they searched for other options. Fortunately, a friend of them suggested looking for private companies or firms which can provide them Standby LC. The UK-based company pursued through the internet for companies that do provide SBLC (MT-760) and Bronze Wing Trading’s Google Ads caught their attention. They followed the link and got directed to the official website of Bronze Wing Trading. The UK-based company scanned through the procedure on the website and was so happy to learn that BWT was a direct provider of Standby LC without asking for any collateral.

They established contact with Bronze Wing Trading via e-mail to further explain about their steam-coal transaction and the required Standby Letter of Credit. After which, they’ve submitted their steam-coal sales and purchase agreement to BWT. Bronze Wing Trading studied the UK firm’s steam coal deal and requested them to further provide the company’s legal documents. BWT re-evaluated their transaction in the light of documented contents and ultimately approved the request for SBLC.

The UK Company visited BWT’s office in Dubai to secure their transaction. Their meeting with BWT’s CEO was rewarding and they were comfortable with BWT, being capable to provide the required Standby Letter of Credit. Hence, they paid the required SBLC issuance fee charges. BWT, on the same day, was able to provide their clients the swift copy of the SBLC MT-760, which was transmitted to their Russian steam coal supplier’s bank (beneficiary’s bank).

The UK-based company was contented on the materialization of steam-coal business deal, as it proved to be a profitable-transaction; the company ever handled in their entire trading business career. They were grateful and appreciative of the services rendered by Bronze Wing Trading, who fulfilled their Standby LC requirements, as their transaction was carried-out promptly with high returns.

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BWT’s Bank Comfort Letter Saves US-based firm’s Huge Sugar Deal Sun, 07 Apr 2013 21:23:34 +0000 A US-based company was awarded a huge contract for the supply of sugar to their Ex-buyers in Africa. The company negotiated with a sugar supplier in Brazil and eventually settled on the price and other terms of contract. But unfortunately, the buyer did not have sufficient capital in their bank account to prove their financial strength in terms of Bank Comfort Letter (MT-799) to the supplier to be able to get the contract. At the same time, they did not want to give up such grand prospect, as a lucrative-deal and incredible profit.

The global search for the banks that could provide the desired Bank Comfort Letter or Financial Capability Letter was a cumbersome and painstaking affair for the sugar buyer. Most of the Banks, if not all, require the company to deposit 100% cash margin or fixed deposit against their requested BCL.

Luckily, they got a chance to visit the website of Bronze Wing Trading (BWT), Dubai, which is expert in providing such trade finance facility without obtaining any financial collateral to provide BCL (MT-799).

The sugar buyer fulfilled BWT’s straightforward course of action and submitted the copies of sales & purchase agreement along with relevant legal documents. On completion of necessary procedural formalities, Bronze Wing Trading processed the case, established the
requisite Bank Comfort Letter and requested their bank to issue an authenticated swift MT-799 to the beneficiary’s bank in order to notify the sugar supplier that the buyer company is financially capable to carry out the sugar deal.

Upon receipt of the MT-799 in their bank account, the supplier made available the authenticated Proof of Product (POP) of the sugar quantity available as per their sales & purchase agreement. In return, the buyer provided the Letter of Credit, which they’ve also obtained from BWT, to pick up the sugar quantity and successfully supply the sugar to their Ex-buyers in Africa.

The US-based sugar importer amicably concluded his sugar transaction and was contented by Bronze Wing Trading’s efficient and competent service.

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South African Trader Benefits from Performance Guarantee provided by BWT. Wed, 23 Jan 2013 13:45:25 +0000 A company based in South Africa who is supplying urea internationally, got multiple contracts from different buyers to supply urea in Asia. As per international import & export terms & conditions, each buyer demands a Performance Guarantee from their suppliers after signing the contract. Surely, in this economic climate the urea supplier doesn’t want to lose this huge business opportunity.

To arrange trade finance they discussed various options with their bank to provide the Performance Guarantee against all the urea contracts but due their exhausted bank limit, bank refused to finance them and asked to deposit 100% cash margin in the bank account. Because of this refusal it was evident that they might lose this business.  After some research on the internet to find alternate ways for trade finance, the supplier came across with Bronze Wing Trading which is a direct provider of trade finance services. On top of that Bronze Wing Trading offers these types of guarantees without obtaining the cash margin.

They have submitted Urea sales & purchase agreements with their company’s legal documents to Bronze Wing Trading in order to avail the required Performance Guarantees. Bronze Wing Trading did their due diligence on supplier & buyer companies and provided the Performance Guarantees upon receipt of documents and Performance Guarantee issuance fee charges. 

As soon as the buyer companies received the required guarantee in their bank account, they initiated the process to issue the Letter of Credit in favor of the supplier as per the SPA to import the Urea. The supplier promptly supplied the Urea to their buyers as per agreed time frame and both parties were satisfied with their transaction. The Urea supplier was very appreciative of the assistance provided by Bronze Wing Trading in obtaining the contract successfully.

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