Uploaded on Mar 24, 2020
Bronze Wing Trading L.L.C., the Performance Bond providers in Dubai helped an Indian trader to conclude their cement deal with a Liberian buyer by providing Surety Bond on behalf of their company. To read the full story, click https://importletterofcredit.com/surety-bond/ Looking to avail Performance Guarantee to assure the positive completion of your project or trade deal? Contact us today! Send an email to: [email protected] or call 00971 4 5519699
Surety Bond – Performance Guarantee – Performance Bond Providers
Indian Trader Concluded Their Cement
Deal Successfully with Surety Bond
Provided by
Bronze Wing Trading L.L.C.
Table of Content:
Problem: The Client Required Surety Bond
Challenge: How to Find Performance Bond
Providers
Solution: BWT Provided Surety Bond
Result: Deal Concluded Successfully with Surety
Bond
Presented By
www.importletterofcredit.co
Introduction
An Indian trader who deals with real estate development and construction projects received a
profitable trade deal to supply cements in 50kg bags to the Client in Liberia. But the buyer
demanded Surety Bond to guarantee the performance of the supplier as per the signed
contract. Bronze Wing Trading helped the Indian trader by providing Surety Bond on behalf of
their company and in favor of the buyer.
Problem: The Client Required Surety Bond
To conclude the cement deal, the buyer asked the seller to provide them a 2% performance
bond of the total contract value. Once the buyer received the performance bond from the
supplier’s end, they need to issue a Letter of Credit in favor of the supplier to mobilize their
trade. Since the trade deal seemed to be a valuable and profitable one, the supplier doesn’t
want to miss this trade offer. So, they started to find a solution as how to avail Surety Bond on
behalf of their company.
Challenge: How to Find Performance Bond Providers
The supplier contacted many banks, but nothing worked out. Almost all banks demanded –
100% cash margin of the performance bond and some had a lengthy process too. So, the
supplier decided to get help from private trade finance providers. Luckily, they received a
Newsletter from Bronze Wing Trading, the Performance Bond Providers in Dubai. By reading
the Newsletter, the supplier came to know that BWT specialized in providing Performance
Bond on behalf of suppliers/contractors and in favor of buyers/developers. The supplier visited
our website and found our process to be very simple and easy to follow. They followed the
process mentioned in the website and submitted their requirements online.
Solution: BWT Provided Surety Bond
The supplier submitted their trade finance requirements to us. We studied it very carefully
and approved their request. Then, as we informed, the supplier paid the admin charges and
signed the service agreement. We started working on their transaction and forwarded the
Performance Bond draft to the client for their approval. Once we received the approval,
issuance fee charges & the requested documents, we instructed our bank to issue the
Performance Bond from our bank account. Accordingly, our bank issued the Surety Bond on
behalf of the supplier to the buyer’s bank via authenticated Swift MT760.
This is how we helped the Indian Trader to Conclude Their Deal
Contact Us Now to Avail Surety Bond without Blocking Your Cash
Funds
Visit www.importletterofcredit.com
Comments