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  • Advance Payment Guarantee (Oversea Suppliers)

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    Jason Barrack
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    This letter is from a bank guaranteeing payment of a specified sum to the recipient for a customer. The bank will pay the guaranteed amount upon the recipient's first written demand. The guarantee is valid until a specified date and any claims must be received by that date along with the original guarantee document. The purpose of the guarantee is to ensure advance payment for an unspecified purpose at the request of the customer.

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    This letter is from a bank guaranteeing payment of a specified sum to the recipient for a customer. The bank will pay the guaranteed amount upon the recipient's first written demand. The guarantee is valid until a specified date and any claims must be received by that date along with the original guarantee document. The purpose of the guarantee is to ensure advance payment for an unspecified purpose at the request of the customer.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    43 views1 page

    Advance Payment Guarantee (Oversea Suppliers)

    Uploaded by

    Jason Barrack
    This letter is from a bank guaranteeing payment of a specified sum to the recipient for a customer. The bank will pay the guaranteed amount upon the recipient's first written demand. The guarantee is valid until a specified date and any claims must be received by that date along with the original guarantee document. The purpose of the guarantee is to ensure advance payment for an unspecified purpose at the request of the customer.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    H.H.

    The Rulers Court PO Box 12848 Dubai United Arab Emirates

    DEPARTMENT .. Dear Sirs,

    REFERENCE .

    DATE

    SUBJECT: OUR ADVANCE PAYMENT GUARANTEE NO .. FOR PURPOSE:. At the request of our customer M/s.(applicants name and address), we .(Banks name and address), hereby undertake to pay to you or to your accredited representatives a sum or sums not exceeding .(guarantee amount in figures) (..) (guarantee amount in words) on your first written demand and notwithstanding any contestation on the part of M/s. (applicants name and address) in respect of (purpose of guarantee). This guarantee will only become operative upon our receipt of . (guarantee amount in figures and words) for the credit of account no..(applicants account no) of M/s. (applicants name and address) with quoting reference tour above guarantee. This guarantee is valid until . Any claim under this guarantee must be received at the counters of (banks name and address), along with this original guarantee and amendments (if any) on or before .., after which date the guarantee will automatically become null and void, whether or not the original guarantee has been returned to us for cancellation. Yours faithfully (Banks authorized signatory and seal)

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