Success Stories

USANCE LC ISSUEDTO CHINA

A leading solar company utility company with a branch in Dubai approached Y4F with a requirement for a Usance Letter of Credit. The utility company was purchasing mono solar modules from China, and the seller required them to arrange an LC. Y4F facilitated an LC issued from Commerce Bank to accommodate the transaction of the buyer and seller. Europa issued a Usance LC of USD 2,245,250.00 in favor of the seller which resulted to a successful sales transaction.

Amount: USD 2,245,250
Instrument: Usance Letter of Credit

BANK GUARANTEE ISSUED TOBANGLADESH

A trading company in the UAE won bidding for certain products and related services arranged by a government security monitoring company in Bangladesh. The trading company was then required to issue a Bank Guarantee worth USD 1,214,500 to the company in Bangladesh. To assist, Y4F facilitated a BG from Standard Commerce Bank consistent to the preferences of the seller. The trading company was able to go through their business transaction smoothly and thanked Y4F for the quick and efficient service.

Amount: USD 1,214,500
Instrument: Bank Guarantee

USANCE LC ISSUED TO KINGDOM OF SAUDI ARABIA

A trading and retail company in KSA wanted to purchase 48 Hyundai accent cars from a local master distributor. In order to successfully conduct this deal, they approached Y4F to issue an LC that will allow then to have a certain credit period. Y4F facilitated a Usance LC of SAR 1,990,800 issued from Europa Bank PLC. Because of this the cars were delivered to the buyer's warehouse on time seamlessly.

Amount: SAR 1,990,800
Instrument: Usance Letter of Credit

USANCE LC ISSUED TO INDONESIA AND MALAYSIA

A trading company in Hong Kong does not have any credit facility to use the purchasing of coal and palm oil from Indonesia and Malaysia. The palm oil needed to be delivered to their clients in India. Y4F aided with creating a credit facility for them in Standard Commerce Bank. Due to this, the trading company was able to do an LC issued from Standard Commerce Bank, in their name, in favor of their beneficiaries in Indonesia and Malaysia. Y4F assisted with the trading company's requirement for a USD 3,313,750 LC to Indonesia for coal and another USD 6,210,000 LC to Malaysia for palm oil.

Amount: USD 3,313,750 and USD 6,210,000
Instrument: Usance Letter of Credit

BANK GUARANTEE ISSUED TO GHANA

A gold trading company had just opened a branch in the UAE was seeking to buy gold bullions worth USD 1,100,000 from a refinery in Ghana. The refinery requested them to issue a BG fir the amount as security. Since they lack the credit facilities to fulfill the transaction, they have engaged Y4F to assist with the deal.Y4F facilitated a Bank Guarantee and successfully issued it from SCB on the trading company's behalf which resulted to a plightless transaction between the refinery and the trading company.

Amount: USD 1, 100, 000
Instrument: Bank Guarantee




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