To meet the scarcity of medical supplies arisen due to COVID-19, the leading trader in US

decided to import Medical Devices such as Ventilation, Oxygen Cylinders, and PPE Supplies

from a German Company. To sign this contract, the supplier demanded the buyer to provide

a Bank Guarantee Letter.

Since the buyer didn’t had their own bank facilities and also, as they didn’t want to block

their working capital, their banks said “No” to provide BG MT760 on their behalf. As the

deal seems to be the profitable one, the buyer looked for the ways to get BG MT760 on

behalf of their company. While searching for a “Bank Guarantee Providers” on Google, they

came across our website and submitted their Bank Guarantee requirements to us. Our team

of trade finance experts analyzed their contract and approved their request to issue Bank

Guarantee from one of our rated European bank accounts.

After getting the service agreement signed and the service charges paid, we structured their

guarantee with our bank by blocking our bank limit as per their deal. And then, we sent the

BG draft for the client’s review. The US Client approved the BG Draft and paid the BG

issuance fee charges. Further, instantly, we instructed our bank to issue the required Bank

Guarantee Letter on behalf of the buyer company to the supplier’s bank account via SWIFT

MT760.

With the issued MT760, the Supplier and the Buyer Signed the Medical Device Import

Contract!

Read the Full Story Here

Do You Require Bank Guarantee – BG MT760 to Sign Contracts or Deals?

Apply Now!

Visit: https://importletterofcredit.com/

Bank Guarantee Letter to Import

Medical Devices from Germany