Letter of Credit Process: How to Apply Letter of Credit MT700?

1. How to Apply for Letter of Credit? Letter of Credit (LC MT700) is one of the popular financial instruments for import and export trade transactions. Being bank-to-bank payment, LC is widely recognized as the safest tool to conclude the deal; also to secure traders from fiscal risks involved. Being a letter of credit provider, Bronze Wing Trading L.L.C. provides Letter of Credit from rated European Banks on behalf of traders without pledging cash collateral or third party assurance. How to Apply For Letter of Credit from Bronze Wing Trading? To avail Letter of Credit from us, follow the simple steps given below:- Step 1: The client submits their trade deal to us in terms of proforma invoice or Sales & Purchase Agreement. Step 2: Then, we will carry due diligence on their trade deal and let them know whether their request is approved or not. Step 3: Once approved, we will sign the service agreement with the client & ask them to pay the admin charges to start the work. Step 4: Then, we will provide the LC draft for their review. Once the LC draft is approved, we will ask the client to provide the documents & to pay the LC issuance fee. Step 5: Further, we will request our bank to open the LC. Our bank will transmit the LC via authenticated Swift MT700 to the seller’s bank. Benefits of Availing LC from Us Simple Documentation Process Collateral Free Financing Option Deal Closure in 48 working hrs. Quick Approval Rated Banks Contact Bronze Wing Trading L.L.C. today to avail Letter of Credit from rated European Banks without any financial collateral. Write us your requirements to: support@importletterofcredit.com or visit www.importletterofcredit.com