Bank Guarantee Sample

Bank Guarantee Sample in MT 760 Swift Format

Ozgur Eker (CDCS) Bank Guarantees, MT 760 Guarantee/Standby Letter of Credit , ,
Bank Guarantee Sample in MT 760 Swift Format

Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand.

MT 760 is a swift message type that is used by issuing banks when issuing a guarantee or a standby letter of credit.

Issuing banks send terms and conditions of a guarantee or a standby letter of credit with a MT 760 Guarantee / Standby Letter of Credit swift message type.

On this page you can find a bank guarantee sample in MT 760 swift format.

This is a real life example.

I have just changed the commercial information on the bank guarantee such as the name of the guarantor bank, the name of the advising bank, the name of the beneficiary and the applicant.

Date of issue and expiry date as well as the guarantee amount also changed for commercial reasons.

Bank Guarantee Sample in MT 760 Swift Format

++++++++++++++++ INCOMING MESSAGE++++++++++++++++

Message Receive Time : 03.08.2014 – 11:00
Message Type : 760 – GUARANTEE / STANDBY LETTER OF CREDIT
Delivery : N
Record Number: 0006000261000
Sender: DEBRDEGGXXX DEUTSCHE EXPORT BANK AG-FRANKFURT AM MAIN – GERMANY
Receiver: TLHLTRISXXX TURKISH IMPORT BANK A.S.- ISTANBUL – TURKEY
Value Date: 0
Currency:
Amount: ,00
Branch: TUM
Department: MUTUAL
Session Number: 4400
Sequence Number (ISN): 960000

===========================================

27: Sequence of Total
1/1

20: Transaction Reference Number
100BGS1100000

23: Further Identification
ISSUE

30:Date
Date : 02.08.2014

40C: Applicable Rules
URDG

77C: Details of Guarantee

WE HEREBY KINDLY REQUEST YOU TO ADVISE OUR FOLLOWING GUARANTEE TO BENEFICIARY WITHOUT ANY OBLIGATION ON YOUR PART:

QUOTE

PAYMENT GUARANTEE NO. 100BGS1100000
DATED 02 AUGUST 2014
.
THE GUARANTOR: DEUTSCHE EXPORT BANK AG-FRANKFURT AM MAIN – GERMANY

THE APPLICANT: SOOO `BELKELETE`, BELARUS, 220000 MINSK, ZAKOVASKAYA STR.10, ROOM 20

THE BENEFICIARY: HANDELSON MAKINA SANAYI VE TICARET A.S., GUZELYALI MAH. PAZARSUYU MEVKII BODRUM-MUGLA, TURKEY.

AS GUARANTOR, WE HAVE BEEN INFORMED THAT THE BENEFICIARY AND THE APPLICANT, HAVE CONCLUDED CONTRACT NO.1 DD JULY 17,
2014, CALLED `THE CONTRACT`, FOR SUPPLY OF CS-12000 KF (SUNFLOWER SEED, HAZELNUT AND ETC.) ROASTING LINE, CALLED `THE GOODS` FOR THE TOTAL AMOUNT OF EUR 240.000,00.

ACCORDING TO THE CONTRACT TERMS THE APPLICANT`S OBLIGATIONS TO PAY FOR THE SUPPLIED GOODS MUST BE SECURED BY A BANK GUARANTEE ISSUED IN THE BENEFICIARY`S FAVOR IN THE AMOUNT OF EUR 180.000,00.

IN CONSIDERATION OF THE AFORESAID, WE, AS GUARANTOR, HEREBY IRREVOCABLY UNDERTAKE TO PAY TO THE BENEFICIARY ANY AMOUNT(S) IN EURO CLAIMED BY THE BENEFICIARY UP TO THE MAXIMUM OF EUR 180.000,00. (IN WORDS: ONE HUNDRED EIGHTY THOUSAND EURO) UPON PRESENTATION OF THE ORIGINAL OF THE BENEFICIARY`S COMPLYING DEMAND IN PAPER FORM WITH REFERENCE TO THIS GUARANTEE NUMBER STATING THAT THE BENEFICIARY SUPPLIED THE GOODS TO THE APPLICANT IN CONFORMITY WITH THE CONTRACT TERMS AND THE APPLICANT HAS FAILED TO MEET A PART OF OR ALL HIS PAYMENT OBLIGATIONS THERE UNDER IN DUE TIME IN THE AMOUNT CLAIMED BY THE BENEFICIARY UNDER THIS GUARANTEE, BUT NOT EXCEEDING EUR 180.000,00 IN THE AGGREGATE.

ANY DEMAND UNDER THIS GUARANTEE WILL BE HONORED BY THE GUARANTOR ONLY WHEN:

  1. PRESENTED TO THE GUARANTOR AFTER 15 CALENDAR DAYS FROM THE DATE OF SHIPMENT INDICATED IN ANY RELEVANT INTERNATIONAL ROAD WAYBILL (CMR) (INCLUDING THE DATE OF SHIPMENT IN CALCULATION),
  2. SUPPORTED BY COPIES OF THE FOLLOWING DOCUMENTS PRESENTED IN PAPER FORM:
    A) BENEFICIARY`S INVOICE INDICATING THE CONTRACT NUMBER AND DATE, AND
    B) INTERNATIONAL ROAD WAYBILL (CMR) CONTAINING DATE OF SHIPMENT,
  3. PRESENTED THROUGH THE INTERMEDIARY OF TURKISH IMPORT BANK A.S.- ISTANBUL – TURKEY WHICH WILL
    A) FORWARD IT TO THE GUARANTOR UNDER THEIR COVER LETTER TOGETHER WITH THE DOCUMENTS AS PER POINT 2. OF PRESENT PARAGRAPH, AND
    B) CONFIRM TO THE GUARANTOR BY AUTHENTICATED SWIFT MESSAGE FORMAT MT799 TO THE GUARANTOR`S SWIFT ADDRESS DEBRDEGGXXX THE AUTHENTICITY OF SIGNATURE(S) APPEARING ON THE BENEFICIARY`S DEMAND.

LANGUAGE OF ALL REQUIRED DOCUMENTS UNDER THIS GUARANTEE IS ENGLISH.

THIS GUARANTEE IS VALID UNTIL 26.09.2014, CALLED `THE EXPIRY DATE`. AFTER THE EXPIRY DATE THE GUARANTOR`S LIABILITIES HEREUNDE WILL EXPIRE IN FULL AND AUTOMATICALLY. THE ORIGINAL OF THE BENEFICIARY`S DEMAND TOGETHER WITH REQUIRED DOCUMENTS MUST BE RECEIVED BY THE GUARANTOR

A) ON OR BEFORE THE EXPIRY DATE,
B) AT THE PLACE OF PRESENTATION – DEUTSCHE EXPORT BANK AG-FRANKFURT AM MAIN – GERMANY, EXCEPT FOR DOCUMENT 3B) OF PRESENT GUARANTEE WHICH MUST BE PRESENTED IN ELECTRONIC FORM TO GUARANTOR`S SWIFT ADDRESS: DEBRDEGGXXX.

ALL CHARGES UNDER THE GUARANTEE ARE FOR THE PRINCIPAL`S ACCOUNT.

THIS GUARANTEE IS SUBJECT TO THE UNIFORM RULES FOR DEMAND GUARANTEES (URDG) 2010 REVISION, ICC PUBLICATION NO.758.

UNQUOTE

THIS IS THE OPERATIVE INSTRUMENT AND NO MAIL CONFIRMATION WILL FOLLOW.
PLEASE CONFIRM EXECUTION.
KIND REGARDS

Retention Money Guarantee Sample

Ozgur Eker (CDCS) Bank Guarantees, Retention Money Guarantee Sample , , ,
Retention Money Guarantee Sample

Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand.

In big projects such as building a factory plant, supply of complicated machineries and other capital goods, it is often determined that the buyer may keep around 10% of the contract amount for a further period of time even after the supplier delivered the goods or completed the assembly, for example 18 months after the production plant up and running.

The supplier may want to have the full contract amount before the end of this extended period (in the example given above, 18 months) by issuing a retention guarantee that covers the amount that would otherwise be withheld by the buyer.

The supplier will request its bank to issue a retention guarantee in favor of the buyer.

Once the buyer receives the retention guarantee he will transfer the amount of the guarantee amount direct to the supplier by T/T payment.

A retention money guarantee sample will be provided on this page.

The example you can find on this page is prepared as per ICC sample demand guarantee forms.

Retention Money Guarantee Sample

Beneficiary : State Property Committee                                                                         Date : 31.August.2014
55, Uzbekistanskaya str.,
700003 Tashkent,
Uzbekistan

Retention Money Guarantee No. : 2014/0015

We have been informed that Advanced Manufacturing Systems Corporation, Hwaseong, South Korea (hereinafter called “the principal”), has entered into contract No. 20140831 dated 08.August.2014 with you, for the supply of Semiconductor Machinery Manufacturing.

Furthermore we understand that, according to the conditions of the contract, retention money in the sum of 50.000,00 covering the Principal’s warranty obligations will be released against a retention money guarantee.

At the request of the principal, we KLB Bank hereby irrevocably undertake to pay you any sum or sums not exceeding in total an amount of 50.000,00 USD (say Fifty Thousand USD) upon receipt by us of your first demand in writing and your written statement stating:

that the principal is in breach of his obligations under the underlying contract, and
the respect in which the principal is in breach.

Your demand for payment must also be accompanies by the following documents:

Copy of commercial invoice
Proof of identity certificate issued and signed by our branch in beneficiary’s country or else one of our corresponding bank’s located in beneficiary’s country stating that the bank has verified beneficiary’s signature(s) appearing on the first demand of payment.

It is a condition for any claim and payment under this guarantee to be made that the advance payment referred to above must have been received the principal on his account number 444333222 at KLB Bank (Head Office) South Korea.

This guarantee shall expire on 30.December.2014 at the latest.

Consequently any demand for payment under it must be received by us at this office on or before that date.

This guarantee is subject to the Uniform Rules for Demand Guarantees, ICC publication No. 758.

Performance Guarantee Sample

Ozgur Eker (CDCS) Bank Guarantees, Performance Guarantee Sample , , ,
Performance Guarantee Sample

Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand.

Performance guarantee issued by a bank and protects the beneficiary against the failure of the principal to meet its contractual obligations in the underlying contract.

Please keep in mind that a Tender Guarantee is issued before the tender contract is concluded.

On the other hand a Performance guarantee is issued by the winner of the tender after the tender contract is signed.

On this page you can find an example of a performance guarantee, which is prepared as per ICC sample demand guarantee forms.

Performance Guarantee Sample

Beneficiary: Bihar Urban Infrastructure Development Corporation Ltd.                       Date:30.August.2014
#303, 3rd Floor, Maurya Tower,
Maurya Lok Complex,
Budh Marg, Patna -800 001, Bihar
India

Performance Guarantee No. : 2014/002-PFRM

We have been informed that Daihon-dai Corporation. Tokyo, Japan, (hereinafter called “the principal”), has entered into contract No. 2014/0001/Cnt dated 15.July.2014 with you, for the supply of 1000 Metric Ton/Metric Tons of Stainless Steel.

Furthermore we understand that, according to the conditions of contract, a performance guarantee is required.

At the request of the principal, we The International Commerce Bank of Tokyo. hereby irrevocably undertake to pay you any sum or sums not exceeding in total an amount of 300.000,00 USD (say Three Hundred Thousand USD) upon receipt by us of your first demand in writing and your written statement stating:

that the principal is in breach of his obligations under the tender conditions, and
the respect in which the principal is in breach.

Your demand for payment must also be accompanies by the following documents:

Proof of identity certificate issued and signed by our branch in beneficiary’s country or else one of our corresponding bank’s located in beneficiary’s country stating that the bank has verified beneficiary’s signature(s) appearing on the first demand of payment.

This guarantee shall expire on 15.December.2014 at the latest.

Consequently any demand for payment under it must be received by us at this office on or before that date.

This guarantee is subject to the Uniform Rules for Demand Guarantees, ICC publication No. 758.

Advance Payment Bank Guarantee Sample

Ozgur Eker (CDCS) Advance Payment Bank Guarantee Sample, Bank Guarantees , , ,
Advance Payment Bank Guarantee Sample

Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand.

An advance payment bank guarantee is a type of bank guarantee.

Under an advance payment bank guarantee, the guarantor undertakes to repay an advanced payment that the principal has received in the event that the principal does not fulfill the terms of its contract.

An advance payment bank guarantee sample will be provided on this page.

The example you can find on this page is prepared as per ICC sample demand guarantee forms.

Advance Payment Bank Guarantee Sample

Beneficiary : Trusted Importhause of Heidelberg                                                          Date : 30.August.2014
Kurfuersten-Anlage 50-60
69000 Heidelberg
Germany

Advance Payment Bank Guarantee No. : 2014/001

We have been informed that Al-Aman Soap Factory Co. P.O.Box 2022 Jeddah 24500 K.S.A, (hereinafter called “the principal”), has entered into contract No. 1910201107 dated 19.August.2014 with you, for the supply of 230 Metric Ton/Metric Tons Laundry Soap.

Furthermore we understand that, according to the conditions of the contract, an advance payment in the sum of is to be made against an advance payment guarantee.

At the request of the principal, we First National Commercial Bank K.S.A. hereby irrevocably undertake to pay you any sum or sums not exceeding in total an amount of 100.000,00USD (say One Hundred Thousand USD) upon receipt by us of your first demand in writing and your written statement stating:

that the principal is in breach of his obligations under the underlying contract, and
the respect in which the principal is in breach.

Your demand for payment must also be accompanies by the following documents:

Copy of commercial invoice

It is a condition for any claim and payment under this guarantee to be made that the advance payment referred to above must have been received the principal on his account number 111222333 at The National Commercial Bank (Head Office) Jeddah KSA.

This guarantee shall expire on 30.September.2014 at the latest.

Consequently any demand for payment under it must be received by us at this office on or before that date.

This guarantee is subject to the Uniform Rules for Demand Guarantees, ICC publication No. 758.

Tender Bank Guarantee Sample

Ozgur Eker (CDCS) Bank Guarantees, Tender Bank Guarantee , , ,
Tender Bank Guarantee Sample

A tender guarantee (also called a tender bond or bid bond) is requested from the tender participants during the tender processes.

The aim of the tender guarantee is to make sure that the tender participants submit workable bids under the tender. A tender guarantee protects the tender organizers against the tender participants’ acts of injustice.

By having the tender guarantee, the tender organizer knows that the participants will comply with the terms of the contract in the event that that the tender is accepted.

Tender guarantees  are usually issued for 2% to 5% of the tender amount.

On this post you can find a tender bank guarantee sample, which is prepared as per ICC sample demand guarantee forms.

Tender Bank Guarantee Sample

Issued By: First National Commercial Bank

1000 John Rogers Drive 35210 Birmingham  United Kingdom

 

Beneficiary : Aqaba Development Corporation (ADC).                                                  Date : 30.August.2014
Al-Hussein Ben Ali street
P.O. Box 2680,
Aqaba 77110,
The Hashemite Kingdom of Jordan

Tender Bank Guarantee No. : 2014/003-Adc

We have been informed that Reliance Industries Limited, Mumbai. India. , (hereinafter called “the principal”), responding to your invitation to tender No. 2014/tndr/002 for the supply of 200 Metric Ton/Metric Tons of Cleaning Chemicals, has submitted to you his offer No:15082014 dated 15.August.2014.

Furthermore we understand that, according to your conditions, offers must be supported by a tender guarantee.

At the request of the principal, we ICIDI Bank. hereby irrevocably undertake to pay you any sum or sums not exceeding in total an amount of 200.000,00 USD (say two Hundred Thousand USD) upon receipt by us of your first demand in writing and your written statement stating:

that the principal is in breach of his obligations under the tender conditions, and
the respect in which the principal is in breach.

Your demand for payment must also be accompanies by the following documents:

Proof of identity certificate issued and signed by our branch in beneficiary’s country or else one of our corresponding bank’s located in beneficiary’s country stating that the bank has verified beneficiary’s signature(s) appearing on the first demand of payment.

This guarantee shall expire on 15.October.2014 at the latest.

Consequently any demand for payment under it must be received by us at this office on or before that date.

This guarantee is subject to the Uniform Rules for Demand Guarantees, ICC publication No. 758.