A buyer from Korea and a seller from Brazil agreed on a transaction for the supply of 60,000 MT of coffee beans. After agreeing on the quantity and payment terms, the seller requested an Advance Payment Guarantee before proceeding with the shipment. The buyer therefore needed a suitable guarantee to secure the advance payment and continue with the deal.
Importance of Payment Guarantee
In international trade, buyers and sellers often need additional security when making advance payments. An Advance Payment Guarantee provides protection to the buyer by supporting the recovery of the advance amount if the supplier fails to fulfil the agreed contractual obligations.
In this transaction, the seller required payment assurance before supplying the coffee beans. The buyer’s bank was unable to arrange the required guarantee under suitable terms, so they looked for an alternative solution. They contacted Bronze Wing Trading to discuss their requirement and proceed with the transaction.
After discussing the deal with the seller, the buyer shared the required documents and transaction details with our team. We reviewed the request, explained the process, and guided the buyer through the necessary steps to arrange the Payment Guarantee.
Get APG MT760 from Us
To arrange an Advance Payment Guarantee for your supplier or buyer, you need to provide details of the transaction and relevant supporting documents. The applicable requirements depend on the guarantee value, contract terms, and banking conditions.
Our team can review your requirement, explain the process, and assist with arranging the required MT760 through suitable banking channels. Contact Bronze Wing Trading Ltd to discuss your Advance Payment Guarantee requirement.
