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Success Stories

LETTER OF CREDIT ISSUED TO ITALY

A top-ranking supplier of PVC hoses in India, one of the leading sellers of such commodities, wants to buy plastic pipes and fittings from a trading company in Italy that markets quality plumbing supplies. The buyer had to seek support from Y4F. As a result, Y4F opened an LC with a credit period issued by Standard Commerce Bank worth EURO 129, 626.51 to help the procurement of their settlement.

Amount: EURO 129, 626.51
Instrument: Letter of Credit

STANDBY LETTER OF CREDIT ISSUED TO LEBANON

An auto-spare parts establishment in the U.A.E wants to purchase car parts from an automotive trading company in Lebanon. They approached Y4F to facilitate a Standby Letter of Credit issued by Standard Commerce Bank in the amount USD 300,000.

Amount: USD 300,000
Instrument: Standby Letter of Credit

LETTER OF CREDIT ISSUED TO INDIA

A trading company in India wants to purchase skimmed milk powder worth INR 22,500,000 from a dairy trading industry in India. The supplier of the goods required the buyer for an LC. The trading company requested Y4F for assistance. Y4F facilitated a sight LC in the amount of INR 22,500,000 issued by Standard Commerce Bank to accommodate their transaction.

Amount: INR 22,500,000
Instrument: Letter of Credit

USANCE LC ISSUEDTO CHINA

A leading solar utility company with a branch in Dubai wanted to work with 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 facilitatedan LC issued from Standard Commerce Bank to accommodate the transaction of the buyer and seller. Standard Commerce Bank issued a Usance LC of USD 2,245,150.00 in favor of the seller.

Amount: 2,245,150.00
Instrument: Usance Letter of Credit

 

BANK GUARANTEE ISSUED TO BANGLADESH

A trading company in the UAE won a bidding for certain products and related services arranged by a government security monitoring company in Bangladesh. The said 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 to the preferences of the seller.

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

 

USANCE LC ISSUED TO KINGDOM OF SAUDI ARABIA

A trading and retail company in Kingdom of Saudi Arabia 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 them to have a certain credit period. Y4F facilitated a Usance LC of SAR 1,990,800 issued from Europa Bank PLC.As a result, the cars were delivered to the buyer’s warehouse. 

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 for 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 seeking to buy gold bullions worth USD 1,100,000 from a refinery in Ghana. The refinery requested them to issue a BG 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 issued it from Standard Commerce Bank on the trading company’s behalf betweenthe refinery and the trading company. 

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

LETTER OF CREDIT ISSUED TO THAILAND

A trading company in Kingdom of Saudi Arabia with a huge turn over had an order for tires. They had a supplier in Thailand who can satisfy this order but the supplier had wished to receive a Letter of Credit. The Saudi Arabian company, through reference approached Y4F to make this transaction happen. Y4F facilitated an SBLC issued by Standard Commerce Bank worth $1,000,000.00 on behalf of the trading company, in favor of their Thai supplier so the two can conduct their trade transaction. 

Amount: USD 1,000,000.00 Instrument: Letter of Credit

LETTER OF CREDIT ISSUED TO CHINA

A UAE trading company had an existing order for paper and plastic disposables with a supplier in China but could not go through with their deal as the supplier required them to issue a Letter of Credit. The trading company does not have the credit facility to issue the LC. Through a mutual party, the trading company was introduced to Y4F for assistance regarding their LC requirement. After careful review and revisions, the Letter of Credit draft was finalized and Y4F facilitated the issuance from SCB for the amount of USD 3,009,721.00 on behalf of the UAE trading company in favor of their supplier in China. 

Amount: USD 3,009,721.00
Instrument: Letter of Credit

STANDBY LETTER OF CREDIT ISSUED TO THAILAND

A Saudi client had a requirement of USD 7,000,000 SBLC. Asa frequenter, they had the comfort and confidence that Y4F will deliver; the Saudi Client once again had approached Y4F for another SBLC requirement. Y4F facilitated their SBLC of USD 7,000,000 issued from Standard Commerce Bank on behalf of the KSA client to their Thai Beneficiary. 

Amount: USD 7,000,000
Instrument: Standby Letter of Credit

STANDBY LETTER OF CREDIT ISSUED TO DUBAI

A KSA trading company had an ongoing deal with a local home appliance supplier. Their transaction was for SAR 1,125,000.00 and the supplier wished to receive an SBLC to move forward. The buyer was referred toY4F to acquire the SBLC. Y4M facilitated the SAR 1,125,000.00 SBLC and had it issued from Standard Commerce Bank on behalf of the buyer in favor of his supplier to assist the two parties with their business transaction. 

Amount: SAR 1,125,000.00 
Instrument: Standby Letter of Credit

LETTER OF CREDIT ISSUED TO SPAIN

An import-export company in India was in need of a Letter of Credit to commence a new business deal with a new supplier of sugar from Spain. The import/export company required an LC at sight to be issued to their Spanish supplier. Y4F facilitated a sight LC in the amount of USD 3,375,000.00 issued by Standard Commerce Bank. To this day the import/export company became a regular client ofY4F. 

Amount: USD 3,375,000.00
Instrument: Letter of Credit

LETTER OF CREDIT ISSUED TO THAILAND

A trading company in Kingdom of Saudi Arabia wished to import tires from one of their suppliers in Thailand. The tires sales value amounted to USD 2,766,050.00 and the KSA company required a Usance Letter of Credit to move forward. They sought assistance for the Usance LC to be issued from Standard Commerce Bank. As with previous successful facilitation of LC for the Kingdom of Saudi Arabia client, Y4F had Standard Commerce Bank issue the USD 2,766,050.00 Usance LC on behalf of the KSA client for the Thai supplier. 

Amount: USD 2,766,050.00
Instrument: Letter of Credit

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