Martin Burns Limited

The below is our recent deals in Bank Guarantees. At Martin Burns (IOM) we are bank insider INSTRUMENT TYPE: DOCUMENTARY LETTER OF CREDIT (DLC) ​COUNTRY: EGYPT / TURKEY BANK: NATIONAL BANK OF EGYPT, CAIRO EG DESCRIPTION: GRADE A EGYPTIAN BEANS, ADVISING BANK - UNITED BANK, MESSAGE TYPE: MT710 INSTRUMENT TYPE: PAYMENT GUARANTEE MT760 ​COUNTRY: LIECHTENSTEIN / PORTUGAL BANK: VP BANK, LIECHTENSTEIN LI DESCRIPTION: CREDIT ENHANCEMENT FOR INVESTMENT PROJECTS IN PORTUGAL, MESSAGE TYPE: MT760 INSTRUMENT TYPE: DOCUMENTARY LETTER OF CREDIT (DLC) ​COUNTRY: UNITED KINGDOM BANK: HSBC BANK PLC, LONDON, GB DESCRIPTION: FROZEN FISH AND RICE, ADVISING BANK - BANK NEGARA LONDON BRANCH, MESSAGE TYPE: MT710 INSTRUMENT TYPE: PAYMENT GUARANTEE MT760 ​COUNTRY: GERMANY / PANAMA BANK: COMMERZBANK AG, FRANKFURT DE DESCRIPTION: CREDIT FACILITIES FOR REAL ESTATE DEVELOPMENT IN PANAMA, MESSAGE TYPE: MT760 Loans/Project Funding Deals South Africa * SAHOL PETROLEUM SOLUTION: 500 MILLION USD (FOR ESTABLIS...

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...