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Optimized Bank Guarantee

This document is an irrevocable and unconditional Bank Guarantee issued by [Full Name of Issuing Bank] in favor of Siraj Middle East United SPC for a specified amount in EUR. The guarantee ensures payment upon first demand without the need for proof of default, and remains effective until the expiry date of 10/01/2025. It is governed by the laws of the Sultanate of Oman and any disputes will be handled in Muscat's competent courts.

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alinezhad1990
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61 views3 pages

Optimized Bank Guarantee

This document is an irrevocable and unconditional Bank Guarantee issued by [Full Name of Issuing Bank] in favor of Siraj Middle East United SPC for a specified amount in EUR. The guarantee ensures payment upon first demand without the need for proof of default, and remains effective until the expiry date of 10/01/2025. It is governed by the laws of the Sultanate of Oman and any disputes will be handled in Muscat's competent courts.

Uploaded by

alinezhad1990
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Bank Guarantee

[On Official Bank Letterhead with Logo, Address, Contact Details]

Ref No.: BG/2025/00781

Date of Issue: [Insert date]

Expiry Date: 10/01/2025

TO:

SIRAJ MIDDLE EAST UNITED SPC

AlEdybh, Bousher, Muscat Governorate, Oman

Reg No: 1455858

Subject: Irrevocable & Unconditional Bank Guarantee Payable on First Demand

Dear Sirs,

We, [Full Name of Issuing Bank], having our registered office at [Bank Address], hereby issue this irrevocable

and unconditional Bank Guarantee in your favor, for a maximum amount of EUR [Insert amount in figures] (In

words: [Insert amount in words]).

This Guarantee is provided in consideration of your entering into or continuing to be involved in commercial

arrangements with [Applicant Name], and we irrevocably undertake to pay you, upon your first written

demand, any amount up to the maximum guaranteed amount, without any requirement to prove default,

breach, or submit supporting documentation, and notwithstanding any objection or instruction from the

Applicant or any other party.

Page 1
Bank Guarantee

Your demand shall be sufficient if it simply states that the amount claimed is due under this Guarantee. Such

demand may be made by authenticated SWIFT or signed letter, and we shall execute payment within [3]

business days of receipt.

We further confirm:

- This Guarantee shall remain in full force and effect until its expiry date.

- It shall not be affected by any dispute between you and the Applicant.

- No prior notice, court decision, arbitration or justification is required to activate your claim.

All payments under this Guarantee shall be made net, without any deduction or withholding, in immediately

available funds to the following account:

Beneficiary Details:

SIRAJ MIDDLE EAST UNITED SPC

IBAN: OM720250001045318539001

Account No: 01045318539001

Bank: Dhofar Bank Ruwi Branch, Oman

SWIFT: BDOFOMRUXXX

This Guarantee shall be governed by and construed in accordance with the laws of the Sultanate of Oman.

Any disputes arising hereunder shall be exclusively subject to the competent courts in Muscat.

This Guarantee is irrevocable, unconditional, freely transferable, and payable on first demand.

Yours faithfully,

Page 2
Bank Guarantee

[Authorized Signature]

[Name, Title]

[Stamp & Seal of Issuing Bank]

Page 3

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