Global Trade Finance to Boost International Trade
Recent statistics revealed that nearly 80%-90% of traders mainly depend on trade finance for financing their imports and exports. These bank instruments not only help them to conclude their deals but also, helps to mitigate the financial risks involved.
How Can I Get My LC Application Request Approved?
Are you running an import-export business? Are you going to import goods from your overseas supplier? But facing a lack of cash flow or lack of trust to proceed with your deal? Now you can do your imports & exports with confidence by making use of the Letters of Credit
How Does SWIFT MT799 Works?
SWIFT MT799 or Bank Comfort Letter is the authenticated notification issued by banks on behalf of buyers to ensure that the buyer is financially capable to proceed with the purchase of bulk goods. So, how does SWIFT MT799 works? This is what we are going to discuss in this article.
How to Get Commodity Trade Finance?
Do you know – What is Commodity Trade Finance? Commodity Trade Finance is the method of financing import and export of all kinds of goods – energy (petroleum products, natural gas), metals (iron ore and steel products…); also, agro (rice, wheat, sugar cotton, etc.).
Bank Guarantees is a written undertaking issued by banks on behalf of their client to ensure that all obligations will be met without any default. Since the banks are giving the written undertaking; in case, if the client has failed to meet the contractual terms; then the banks are liable to cover it.
BWT Join Hands with a Malaysian Client for an LC Transaction
Bronze Wing Trading has entered into the final stage of issuing a Letters of Credit of 90 Days tenure for a Malaysian Buyer; to import Premium Quality Dates from Saudi Arabia.
How to Get Letter of Credit from Bank to Import Goods from Overseas?
Today’s global economy mainly depends on overseas import and export business. But dealing with overseas traders means facing challenges that aren’t present when you are dealing with local traders.
Letter of Credit Checklist – How to Review the Issued LC
There are many traders out there who don’t even read the issued LCs until they submit it to the bank. Usually, once they received the LCs from the buyer or importer, they assume it as a token of advance.
How to Get Advance Payment Guarantee Letter from European Banks?
What is Advance Payment Guarantees Letter? Advance Payment Guarantees is a written undertaking issued by a bank as a kind of assurance. Also, this bond assures the buyer that in a case, if the seller fails to meet the agreed obligation of goods or services.
Bank Guarantee vs. Surety Bond – What’s the Difference
Bank Guarantees and Surety Bonds are the financial instruments that are used to ensure protection to the parties; who involved in the supply of goods or construction projects.