Letter of Credit Procedure
Letter of Credit, also known as MT700 or import LC; is a document receives by the seller’s bank (beneficiary) from the buyer’s bank that states the capability of the buyer (importer) to purchase the products. It also gives guarantee to the seller that the buyer will pay for the goods on time. With this Letter of Credit, not only the exporter can get benefits but also the importer that can be a result for a successful international trade. For more information, you can visit our website: http://www.bwtradefinance.com/letter-of-credit-lc/ LC Procedure The following steps are to avail LC from BWT: 1. The client needs to submit their LC request along with their trade deal information like Face Value and Validity of their required LC to Bronze Wing Trading. Accompanied by a Signed Copy of Pro forma Invoice or SPA of their trade deal. 2. As BWT receive the information, we will review it and inform the client if their LC application will be approved or rejected. 3. Once the documents are approved, we will inform the client regarding the issuance fee charges. 4. Upon acceptance of the issuance fee charges, BWT will draft the service agreement. Once the admin charges are received BWT will start work on the subject LC transaction. 5. BWT will immediately request the issuance bank for the required LC once we receive the requested documents, approvals and the issuance fee charges.
Letter of Credit, also known as MT700 or import LC; is a document receives by the seller’s bank (beneficiary) from the buyer’s bank that states the capability of the buyer (importer) to purchase the products. It also gives guarantee to the seller that the buyer will pay for the goods on time.
With this Letter of Credit, not only the exporter can get benefits but also the importer that can be a result for a successful international trade.
For more information, you can visit our website: http://www.bwtradefinance.com/letter-of-credit-lc/
LC Procedure
The following steps are to avail LC from BWT:
1. The client needs to submit their LC request along with their trade deal information like Face Value and Validity of their required LC to Bronze Wing Trading. Accompanied by a Signed Copy of Pro forma Invoice or SPA of their trade deal.
2. As BWT receive the information, we will review it and inform the client if their LC application will be approved or rejected.
3. Once the documents are approved, we will inform the client regarding the issuance fee charges.
4. Upon acceptance of the issuance fee charges, BWT will draft the service agreement. Once the admin charges are received BWT will start work on the subject LC transaction.
5. BWT will immediately request the issuance bank for the required LC once we receive the requested documents, approvals and the issuance fee charges.
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<strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> (LC, MT-700)<br />
For Importers & Exporters<br />
Bronze Wing Trading L.L.C.<br />
support@bwtradefinance.com<br />
www.bwtradefinance.com
This Slide Contains:<br />
• <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> Information<br />
• <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> <strong>Procedure</strong><br />
• <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> Video<br />
• <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> Provider
<strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> Information<br />
<strong>Letter</strong> <strong>of</strong> <strong>Credit</strong>, also known as MT700 or import LC; is<br />
a document receives by the seller’s bank<br />
(beneficiary) from the buyer’s bank that states the<br />
capability <strong>of</strong> the buyer (importer) to purchase the<br />
products. It also gives guarantee to the seller that<br />
the buyer will pay for the goods on time.<br />
With this <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong>, not only the exporter can<br />
get benefits but also the importer that can be a<br />
result for a successful international trade.<br />
For more information, you can visit our website:<br />
http://www.bwtradefinance.com/letter-<strong>of</strong>-credit-lc/<br />
Avail <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> Now
<strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> <strong>Procedure</strong><br />
The following steps are to avail LC from BWT:<br />
1. The client needs to submit their LC request along<br />
with their trade deal information like Face Value<br />
and Validity <strong>of</strong> their required LC to Bronze Wing<br />
Trading. Accompanied by a Signed Copy <strong>of</strong> Pro<br />
forma Invoice or SPA <strong>of</strong> their trade deal.<br />
2. As BWT receive the information, we will review it<br />
and inform the client if their LC application will be<br />
approved or rejected.<br />
Avail <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> Now
<strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> <strong>Procedure</strong><br />
3. Once the documents are approved, we will<br />
inform the client regarding the issuance fee<br />
charges.<br />
4. Upon acceptance <strong>of</strong> the issuance fee<br />
charges, BWT will draft the service agreement.<br />
Once the admin charges are received BWT<br />
will start work on the subject LC transaction.<br />
5. BWT will immediately request the issuance<br />
bank for the required LC once we receive the<br />
requested documents, approvals and the<br />
issuance fee charges.<br />
Avail <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> Now
<strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> <strong>Procedure</strong><br />
Avail <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> Now
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• Without any Collateral<br />
• Best Banks<br />
• More than 30 years <strong>of</strong> experience<br />
• Deal closed in 24 Hours<br />
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<strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> Provider<br />
Bronze Wing Trading is a Limited Liability Company (L.L.C)<br />
registered in Government <strong>of</strong> Dubai, Department <strong>of</strong><br />
Economic Development and Chamber <strong>of</strong> Commerce &<br />
Industry, Dubai, United Arab Emirates.<br />
We are specialized in facilitating trade finance services<br />
from European Banks in terms <strong>of</strong> <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> (LC, MT-<br />
700), Standby <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> (SBLC, MT-760), Bank<br />
Guarantee (BG, MT-760), Performance Guarantee/Bond<br />
(PG/PB) and Bank Comfort <strong>Letter</strong> (BCL, MT-799) for those<br />
who do not have enough Bank Facilities to complete their<br />
trade transactions.<br />
With us you will get;<br />
• Competitive Rates<br />
• No Collateral Required<br />
• Deal Close in 24 HRS*<br />
Avail <strong>Letter</strong> <strong>of</strong> <strong>Credit</strong> Now
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support@bwtradefinance.com<br />
00971-4-5519699<br />
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