About Guarantee
A Bank Guarantee (BG) is a written commitment by the bank (guarantor) to pay the beneficiary a certain sum of money within a specified period if the applicant (principal) fails to fulfill his contractual or other obligations of an underlying transaction. It is normally used to secure either a financial or performance obligation of the principal
Before you applied check these information
Small Print about Guarantee
- Tender Guarantee / Bid Bond
- Performance Guarantee
- Advance Payment Guarantee
- Standby Letter of Credit (SBLC)
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