Blog|Case Studies|Reviews |Videos
Blog|Case Studies|Reviews |Videos

Advance payment guarantee - Bronze Wing Trading LLC Are you in need of Advance Payment We provide Advance Payment Guarantee on behalf of contractors/suppliers to secure advance payment from developers/buyers. to mobilize your trade/project? Advance payment guarantee - Bronze Wing Trading LLC
Home > Advance Payment Guarantee

ADVANCE PAYMENT GUARANTEE

Advance Payment Guarantee Process

Bronze Wing Trading L.L.C. provides Advance Payment Guarantee on behalf of Contractor / Seller which enables them to acquire the down payment as per their contract.

To get APG MT760, follow the process given below:

  1. The Client will send the Proforma Invoice or SPA of their trade deal. Also, it will provide details of their APG request.
  2. We will review their trade deal. Further, we will advise the client about the approval or denial of their MT760 request.
  3. Then, we will ask the client to sign a service agreement and pay the service charges. 
  4. Once they sign the agreement and pay the service charges, we will then start working on their request. 
  5. Further, we will structure their request with our bank and accordingly, will send the APG MT760 draft for their approval. Also, we will ask them to pay the issuance fee & other needed documents. 
  6. At the final stage, upon receipt of the documents and issuance fee, we will act promptly. We will provide APG MT760 from our bank account. And this APG MT760 will be issued on behalf of Contractor / Seller and in favor of Developer / Buyer.

Advance Payment Guarantee Process

SUBMIT YOUR REQUIREMENTS

We will get back to you within 24 working hours

    * Financial Instrument:

    * Validity:

    * Name:

    * Country:

    * Company Name:

    * Telephone:

    Cell Phone:

    * Value:

    * Currency:

    * Email:

    * City:

    * Company's Activity:

    * How did you hear about us?

    Please Specify:

    * Purpose:

    Advance Bank Guarantee Process Video

    Looking for APG MT760 to Secure Advance Payment

    Send us your requirements to Avail Advance Payment Guarantee (APG MT760) from rated banks!

    Looking for APG MT760 to Secure Advance Payment

    Send us your requirements to Avail Advance Payment Guarantee (APG MT760) from rated banks!

    Advance Payment Guarantee

    Advance Payment Guarantee acts as an assurance to secure the advance payment made by the developer or buyer to the contractor or seller. It is issued by a bank on behalf of their clients; and in favor of their counter parties. This bond is also called as Payment Bond. 

    Once issued, the value of this bond will reduce concurrently, as per the work done by the contractor. And also, it keeps on reducing, till the completion of the terms as per the agreed contract. In case, if the contractor fails to oblige the contract terms; then the project owner can call the bond to claim the payment made as advance.

    Also, this APG MT760 is payable on first demand. i.e. if the developer calls the bond in written format; then the advance payment will be paid out in full without any preconditions having to be met.

    Advance Payment Bond for Trade Deals

    Advance Payment Bond also being used in import and export trade deals. If the seller requires Advance Payments from the buyer before proceeding with the shipment. Then, they demand a bond to secure their risks against any default by the seller.  MT760 not only allows the seller to receive down payment; but also, secures the buyer’s down payment on the contract price before the supply of the goods.

    We understand the emerging need for these types of bonds in both the trading & construction industry.  Usually, traders contact banks or other private sectors to avail such bonds on their behalf. But, the banks often demand: 100% cash margin or collateral to issue MT760 on their behalf. 

    But we at Bronze Wing Trading didn’t demand anything to issue MT760 on behalf of our clients. We provide MT760 from our rated bank account; and assist our clients to conclude their deals / projects as per the signed contract.

    Down Payment Guarantee on Construction Contracts 

    In defining the Down Payment Guarantee, it has been stated that steady cash flow is very important to a contractor to execute projects. Any delay in the payment will affect the work progress. Also, makes contractors end up with the inability to pay sub contractors, workers, and suppliers. 

    That’s why contractors often demand down payment from project owners before starting the work on a project. On the other hand, to secure such down payment made, the project owners demand a Down Payment Guarantee in return.

    The MT760 ensures the project owners that contractors will fulfill the contract within a certain set time period. And in case, if they fail to do so; then the project owner can claim the bond against the default to get the refund of down payment. 

    The main purpose of this Bank Guarantee is: to increase cash flow for contractors to meet the startup costs of a project. And, to speed up the progress of work and to ensure the quality of work.

    Overall, it’s cleared that this bond enables contractors to perform more effectively. And so, the non availability of this bond leads to delay in project execution and increases its material costs, labor costs, &, etc. This is the reason why almost all project owners demand such guarantees from contractors.

    Parties Involved in APG MT760

    The parties involved in the issuance of APG MT760 includes:-

    Applicant – The contractor or seller who requests the MT760 from the bank, in favor of the project owner or buyer.

    Beneficiary – The developer or buyer who receives the MT760 in their favor.

    Bank – The bank who assures the payment, in case, if the contractor or the seller defaults.

    Avail Advance Bank Guarantee From Us! 

    You can avail Bank Guarantee by contacting us! We provide Guarantees on behalf of contractors / sellers to secure advance payments from their project owners / buyers.

    With a deal conclusion time of 48 working hrs, we assure you that you will receive the guarantee at the right time to conclude your trade deals / projects. Certainly, we do not require any cash margin from your end. We provide MT760 on your behalf from our rated bank account. 

    Want to secure advance payment from your buyer or project owner? Avail Advance Payment Guarantee from us! Apply now!

    The Website Content is DMCA Protected.
    WordPress Image Lightbox