Confirmed LC PPT

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Nigerian Trader Started Importing Medical Gloves and Masks from China with Confirmed LC Presented by

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The Client Synopsis ▸ Understanding the market demand for PPE supplies the Nigerian Trader decided to import medical gloves and masks to supply it to the local market. ▸ Bronze Wing Trading L.L.C. the Letter of Credit Providers in Dubai helped the trader by providing Confirmed LC on behalf of the Nigerian trader.

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Problem Faced in Importing PPE Supplies ▸ The Buyer started searching for PPE supplies supplier and found the one from China who was ready to ship the products at the best price. ▸ Since the buyer doesn’t have enough cash funds in their hand they decided to conclude the deal by providing Confirmed LC.

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Challenge Faced in Availing Confirmed LC ▸ Since all banks have restricted their access to trade finance facilities due to economy recession the trader can’t able to avail LC from their bank. ▸ Finally they decided to get help from Letter of Credit Providers and contacted us with their request.

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Solution We Offered to the Nigerian Trader ▸ We studied their trade deal and approved to issue LC MT700. The trader signed the agreement and paid the admin fee charges. ▸ We started the work on their transaction and sent the LC draft for their review. ▸ The Client approved the draft and paid the LC issuance fee charges. Then we instructed our bank to issue the LC MT700 on behalf of the buyer and in favor of their supplier.

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Supplier Started PPE Supplies Shipment Once the supplier received the LC MT700 in their favor they started shipping the PPE supplies to the buyer’s port. To Read the Full Story Click Here

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Bronze Wing Trading Letter of Credit Providers Being the leading Letter of Credit Providers in Dubai Bronze Wing Trading L.L.C. specializes in helping importers to facilitate their trade dealing by providing LC MT700 on their behalf from rated banks.

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00971-4-5519699 Office 3002 30th Floor Aspect Tower Al-Mustaqbal Street Business Bay Dubai United Arab Emirates. Contact Bronze Wing Trading L.L.C.