Professional Documents
Culture Documents
BANK GUARANTEE
Discounting Party :
(hereinafter referred to as “Party B”)
With respect to cooperative financing of Party A’s BANK GUARANTEE with Party B, Party A
and Party B agree as follows:
1. Financing content:
2. Operating procedures:
1) The parties shall confirm and meet the above conditions and attach hereto their
respective business registration certificates, colored scanned copies of signatories’
passports and the BG format and BCL provided by the receiving bank. After initialing the
Contract via Party B shall e-mail this Contract to Party A for initialing hereof. Within 2
working days of initialing the Contract, the both parties shall duly sign this Contract by e-
mail and submit the duly signed Contract to each party for the record, which thereby
automatically becomes a commercially recourse legal document in the Contract parties’
dwelling jurisdictions.
2) Within 3 working days after the parties duly sign the Contract and confirm the receiving
capacity of Party B’s bank, Party A shall give notice of BG pre-advice in the form of SWIFT
MT799 to the LENDING BANK designated by Party B.
3) Within 2 working days after Party B receives the said MT799 pre-advice of BG, Party B’s
the LENDING BANK shall reply to the issuing bank by SWIFT MT799, issue a ICBPO of
80% of the face value of the BG’s to Party A by MT799. Confirmed shall be paid within 3
working days after Party B’s bank receives and confirms Party A’s bank’s BG’s MT760.
4) Within 3 working days after Party B confirms its completion of the aforesaid procedures,
Party's A bank shall send formal BG’s MT760 to the receiving bank.
5) Within 3-5 working days after receiving and confirming the BG’s MT760, Party B shall
remit 80 % of the face value of the BG’s to the bank account designated by Party A .
6) The hard copies of the BG to be delivered via bank bonded courier to the buyer’s bank
within seven (7) days after receipt of total payouts by seller’s bank and intermediaries.
7) After the first transaction is completed, the subsequent operation shall be subject to the
above procedures until the Contract is fully performed.
The Bank coordinates of the Party A’s financing fund receiving account:
4. Applicable laws: This Contract is governed by ICC500/600 and the laws of the Hong Kong
Special Administrative Region.
5. This Contract takes effect upon signature by the parties’ representatives. This Contract is
made in four copies and each party holds one copy.
6. The parties hereby confirm that this Contract and the electronic versions of all the
documents attached hereto, including photocopies, duplicates and scanned copies, have
the same legal force as their originals.
Party A: Party B:
Initialed by Party A Page 3 of 8 Initialed by Party B___________
Contract Code: BG2B-11212013
Representative/Signature: Representative/Signature:Mr.
Mr. IZZARD BERNARD DAVID Mr. Insanial Burhamzah
Passport No.: 761212651 Passport No.: A 5248647
Date of signature: November 21, 2013 Date of signature: November 21, 2013