Oil is utmost important for businesses that heavily rely on fuel such as airlines, plastic manufacturers, and agriculture businesses. Being such an important source of energy, Crude Oil is the major import and export commodity in numerous countries. However, Saudi Arabia remains to be the largest source for the import of crude oil. Since the oil demand is at a peak all the time; traders are eagerly looking for the right opportunity to start importing oil from KSA.
Are you looking to purchase crude oil from KSA and supply it to local units to make more profits?
Is your supplier asking for Bank Guarantee to assure your commitments before starting the shipment?
But you can’t able to get BG MT760 from banks, as they are asking to block your working capital?
Contact Bronze Wing Trading L.L.C. today! We, the Bank Guarantee Providers in Dubai can assist you by providing BG MT760 from our rated European Banks without demanding you to provide cash margin or block cash funds.
How to Buy Crude Oil from Saudi Arabia using BG MT760?
When you are about to sign a new trade deal or contract with an overseas supplier, they were skeptical about your performance in terms of payment. So, to secure the trade deal, they will demand Bank Guarantees from you. And this guarantee states that if there is any default in fulfilling the payment obligations as agreed in the contract, then the bank will liable to meet the commitments as stated in the contract. Since Banks acts as a Guarantor; suppliers are assured of payment, even in case of default.
How to Obtain Bank Guarantee?
If you have decided to get Bank Guarantees from us; follow the simple 5 step process given below & get the MT760 issued within 48hrs.
Step 1: Submit your ICPO or Sales & Purchase Contract to us.
Step 2: Our team will do due diligence on your trade deal to find out whether your request obliges with our terms. If yes, then we will approve your request.
Step 3: Then, to start working on your request; we will as to sign the service agreement and pay the service charges. After the receipt of the signed agreement and charges; we will block our bank limit; also, will structure your BG transaction as per your oil deal.
Step 4: Next, we will structure your BG draft and send it for your review and approval. Also, we will inform you to pay the BG issuance charges prior to its issuance.
Step 5: After the receipt of charges, we will instruct our bank to issue the required BG MT760 from our bank account; on behalf of your company via SWIFT MT760.
By following the simple steps mentioned above, you can avail the Bank Guarantee from the best Banks in Europe in less than 2 banking days!
Contact us now with your BG request! You can submit your requirements to us via Email: support@importletterofcredit.com or call us: +971-50-4648761. Our team is always ready to assist you with all your BG MT760 needs.