A Japan Trader who deals with petroleum products decided to expand their production line

by importing various grades of Bitumen They searched for a reliable supplier of Bitumen

and found the best one from UAE. The supplier was ready to supply the required barrels of

Bitumen at the best prices; but to secure the overseas trade deals; they decided to use LC

Payable at Sight as a payment term.

The Japan trader didn’t want to block their cash funds to do 100% cash deposit in their

bank to get the LC on behalf of their company. So, they searched for Letter of Credit

Providers, who can open LC MT700 on their company’s behalf at ZERO Cash Margin.

With the UAE Supplier’s reference, the buyer contacted Bronze Wing Trading L.L.C. with

their LC request. Our team studied their LC requirements and approved to issue the

required LC within 48 banking hours.

Instantly, the client signed the service agreement and paid the required charges. We start

to work on their transaction and sent the LC draft for the client’s approval. The client

approved the LC draft at the earliest and also paid the LC issuance fee charges. And then,

we instructed our bank to issue the LC Payable at Sight to the UAE supplier’s bank account

on behalf of the buyer company via SWIFT MT700. Read Full Story – Click Here!

This is how we served the Letter of Credit requirements of the Japan trader at reasonable

charges without demanding any kind of cash margin or collateral.

For More Info:

Visit: https://www.bwtradefinance.com/

Email Us: support@bwtradefinance.com

Call/WhatsApp/BOTIM: +971-50-4648761

Japan Trader

Availed LC Payable

at Sight to Import

Various Grades of

Bitumen from UAE