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Letters of Gaurantee

Guarantee is an irrevocable undertaking issued by the bank on behalf of its clients guaranteeing payment to third parties in the event of default by the customer. By providing a guarantee instead of upfront payment the client can retain his liquidity and save on interest costs.

Types:

  • Bid Bonds (Tender Bonds)
  • Performance Bonds
  • Advance Payment Guarantee
  • Retention Money Guarantee
  • Shipping Guarantee
  • Financial Guarantee

Terms & Conditions: Can Vary.

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