We, the Performance Bond Providers in Dubai can support your exports or projects by providing a Performance bond on behalf of the seller / Contractor.
To apply for MT760 from rated banks, please follow the simple process given below:
- The client informs UDA of their MT760 request with the pro forma invoice or contract of their deal.
- Secondly, UDA will analyze their deal between the parties. Then, we will inform the parties about the approval of the request.
- After
the approval, the client will sign the service agreement with us. They
will also be informed about our service charges to start work on your
request.
- Further, once the agreement is signed & services
charges are paid, we will start structuring their transaction with our
bank; by blocking our bank limit, as per their deal.
- Then, we
will send the draft for the client’s approval. Also, we will inform them
to provide the issuance fee and the documents related to their deal.
- After
receipt of the documents, signed draft, and issuance fees, we will
proceed to the final step. i.e., we will instruct our Bank to provide
the Performance Bond from our account on behalf of the seller or
contractor. And this MT760 will be issued in favor of the buyer /
project owner within 48 hours.