RADE/ BUSINESS FINANCE In international trade, it is quite common for the parties not to know one another very well and there may also be unknown incompatibilities in different countries' currency-control and foreign trade regimes which creates uncertainties and risks for both sides. The seller wants to ensure the collection of receivables, while the buyer wants to ensure that the goods or services are delivered on time. We secure you with our foreign trade products: BANK GUARANTEES/LETTERS OF CREDITS A letter of guarantee is a surety bond, addressed to a government agency or organization, or other natural or legal entities, in which the bank pledges to pay a stipulated amount under stipulated terms and conditions in the event that a contractor fails to fulfill some specified contractual obligation or duty. From the obligor's perspective, going into business by receiving a letter of guarantee from a reputable bank.From the addressee's perspective, having guarantee of co...
Martin Burn (IOM) Limited is a leading Financial Services firm that is headquartered in Isle of Man to provide Personal Loan, Business Loan, SME Loan, Investment Loan, Project Financing, Bank Guarantees, SBLCs, Letters of Credit, Monetization of BG/SBLC and funding for all kinds of viable projects locally and internationally.