The Client Required DLC at Sight for Their Trade Deal
The client operates a scrap recycling business in Morocco and wanted to expand by importing South African used rail scrap. After finding a suitable supplier, they discussed the quantity, quality, and pricing. Since the supplier required payment through an LC at Sight, the buyer began searching for a provider who could arrange the required facility.
How the Client Contacted Us with Their DLC at Sight Request
After agreeing to the DLC payment terms, the buyer approached their bank to arrange an MT700. However, the bank was unable to provide the required facility under suitable terms. They then searched online for alternative trade finance providers and found Bronze Wing Trading.
After reviewing our services, the client contacted our team and submitted their DLC requirement along with the relevant trade documents and proforma invoice. Our team reviewed the request and explained the next steps.
The Solution We Provide to Issue DLC at Sight on Their Behalf
We carefully reviewed the client’s trade transaction and supporting documents before approving the request. After the client completed the required formalities, we structured the LC according to the scrap trade terms and prepared the DLC draft for their review.
Once the client approved the draft and completed the required issuance process, we instructed our bank to issue the DLC at Sight through SWIFT MT700 in favour of the supplier in South Africa.
The Supplier Shipped the Used Rails Scrap
After receiving the DLC MT700, the supplier proceeded with the shipment of the used rail scrap by sea freight to the buyer’s port. The buyer received the shipment according to the agreed trade terms and continued with their scrap recycling operations.
The successful transaction helped the buyer complete the import deal and maintain a smooth trading relationship with the supplier.
Apply for LC at Sight
If you need an LC at Sight for an overseas import, contact Bronze Wing Trading Ltd with your requirements. Our team can review your transaction and guide you through the Letter of Credit process.
