Khaitan & Co advised Xangbo Global Markets in relation to an export performance bank guarantee arrangement with Indian banks as collateral for long-term advance export payments made by the client (as a buyer) to Indian suppliers.
Xangbo conducts commodity trading activities. The Company supplies agricultural and natural resource commodities including grain, oilseed, fertiliser and fuel oil. Xangbo offers consulting and procurement services worldwide.
Kumar Saurabh Singh, Partner and Krishnendu Sen, Associate represented the client on the transaction.