Our client owns a company in Dubai Free Zone which deals with all types of scrap metals. To expand their product line, they decided to import mill berry copper wire scrap from a reliable seller. Further, to conclude this deal, the client required MT700. Bronze Wing Trading, a Letter of credit provider at Dubai, assisted the trader by facilitating MT700 issued from European Banks.
Client’s Objective – Letter of Credit Issuance
Our client, the leading industrialist in Dubai, decided to expand their scrap trading business. In the local market, they got a demand to supply tons of copper mill berry wire scrap. So, they searched for a seller who could provide a huge quantity of copper scrap. Via B2B portals, they found a genuine seller of scrap from India. Further, they both discussed and agreed to conclude their trade deal via the LC Payment term.
Client’s Challenge – For LC Issuance
The client required a Letter of Credit to conclude their copper scrap import deal. Since they had already used their bank facilities, they were unable to open a DLC from their bank. Also, they tried some other options to get financial support, but nothing worked out. Further, the economy is unstable. So, the client didn’t want to invest their capital funds into this deal. So, they searched for a better option available. Then, they came to know about us via a broker, who referred them to BWT finance as the genuine and trusted provider of LC at Sight in Dubai. And then, the trader visited our website and read our LC Issuing Process.
Simple 5 Step LC Issuance Process – Click Here
Client’s Visit to Our Office in Regards to LC Issuance
After learning about us and our process, the client contacted us via phone and booked an appointment with us to have a meeting in person. Further, they visited our office along with their broker and had a great discussion about their MT700 needs. We explained our terms and working process in detail to them. Also, we assured the client that if they approve the LC draft and pay the LC issuance fees, we can issue the DLC within 48 working hours. Further, the client agreed, signed the service contract, and paid the service charges on the same day.
Get Letter of Credit in 48hrs – Apply Now!
Our Process in LC Issuance
Instantly, we started working with our bank on their LC deal and sent the DLC draft the very next day. Then, the client verified the draft as per the Letters of Credit Checklist. Further, they approved the DLC draft and paid the issuance fees for issuing the LC from one of the best banks in Europe. Straightaway, we instructed our bank to issue the required MT700 as per the approved draft. As per our request, our bank issued the DLC in favour of the Indian seller via SWIFT MT700.
Our Success in Letter of Credit Issuance
Once the seller received the LC on the buyer company’s behalf, the client conveyed their sincere gratitude towards us by writing a review, which you can see on our Bronze Wing Trading Reviews page.
This is how we assisted the Dubai trader to import copper scrap from India with the use of DLC MT700.
Apply for LC at Sight
Do you require LC at Sight to import goods from overseas? Is your bank demanding a 100% cash margin to issue the LC? We, as a provider of international import finance, are here to support traders in getting the required LC issued from rated banks in just 48 hours at ZERO Cash Margin! You can contact us at any time with your LC requirement.