VERBIAGE
BANK GUARANTEE NO: XXXX
DATE OF ISSUE: XXISSUE DATEXXX
DATE OF EXPIRY: (365 + 1 DAYS AFTER ISSUANCE)
DATE OF MATURITY: XXXEXPIRY DATEXXX .
BENEFICIARY :
BAYT ALTAMWEEL DAWLI YÖNETİM VE FİNANSAL DANIŞMANLIK DEMİR ÇELİK A.Ş.,
KOZA DISTRCUT 1655 STREET AKBATI RESIDENE GREEN TOWER BAHRAIN
FOR THE VALUE RECEIVED, WE, THE UNDERSIGNED, ICICI BANK LIMITED, HEREBY ISSUE OUR
IRREVOCABLE, UNCONDITIONAL, TRANSFERABLE, DIVISIBLE, AND WITHOUT PROTEST OR NOTIFICATION,
PROMISE TO PAY AGAINST THIS BANK GUARANTEE NO. _______ ON BEHALF OF BIDHYA ENTERPRSE OUR
CLIENT TO THE ORDER OF BAYT ALTAMWEEL DAWLI YÖNETİM VE FİNANSAL DANIŞMANLIK DEMİR ÇELİK
A.Ş., THE BEARER OR HOLDER THEREOF, OF USD $ 1000 (ONE THOUSAND ONLY) PRESENTATION AND
SURRENDER OF THIS BANK GUARANTEE AT ANY OF THE COUNTERS OF OUR OFFICES AT ICICI BANK LTD.
THIS BANK GUARANTEE IS VALID FOR ONE YEAR AND ONE DAY (366 DAYS) FROM THE DATE OF
ISSUANCE.
SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY DEDUCTIONS,
CHARGES, FEES, OR WITHHOLDING OF ANY NATURE PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED,
COLLECTED, WITHHELD OR ASSESSED.
ALL CHARGES INCLUDING ANY STAMP DUTIES AND TAXES DUE TO THIS LETTER OF CREDIT UPON RECEIPT
OF YOUR CLAIM ARE FOR THE ACCOUNT OF THE BENEFICIARY ONLY.
THIS BANK GUARANTEE IS CASH BACKED, DIVISIBLE, ASSIGNABLE AND TRANSFERABLE WITHOUT
PRESENTATION OF IT TO US AND MAY BE RELIED UPON FOR THE PURPOSES OF PERFORMANCE BID /
TENDER APPLICATION.
EXCEPT AS OTHERWISE EXPRESSLY STATED HEREIN, THIS BANK GUARANTEE IS GOVERNED AND
CONSTRUCTED IN ACCORDANCE WITH THE LAWS OF THE INTERNATIONAL CHAMBER OF COMMERCE
(PUBLICATION NO. 758). IN CASE OF DISPUTE,
OUR PRESENT UNDERTAKING IS VALID UNTIL ............. AND EXPIRES AUTOMATICALLY AND IN FULL IF
YOUR WRITTEN REQUEST YOUR DEMAND FOR PAYMENT SHOULD REACH US NOT BEFORE EXPIRY BUT
NOT LATER THAN FIFTEEN DAYS AFTER EXPIRY DATE FOR WHICH THEN THIS BANK GUARANTEE EXPIRES
IN FULL AND SHOULD BE CONSIDERED NULL AND VOID.
THIS SWIFT IS AN OPERATIVE INSTRUMENT AND NO FURTHER MAIL CONFIRMATION WILL FOLLOW.
THIS SWIFT MT760 CAN BE VERIFIED ON A BANK-TO-BANK BASIS VIA AUTHENTICATED SWIFT ONLY.
