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SPECIMEN TEXT OF BANK GUARANTEE
BANK
GUARANTEE NUMBER: _____________________________
CURRENCY:
United States Dollars
AMOUNT:
___________________________
BENEFICIARY:
DATE
OF MATURITY: _______________________________________
REF.
PAYMENT NO.: _______________________________________
WE,
(NAME OF BANK ) , HEREBY ISSUE IN YOUR FAVOR OUR confirm IRREVOCABLE,
UNCONDITIONAL, FIRST DEMAND GUARANTEE NO. ____________FOR____________ (USD),
WITH ACCRUED INTEREST AND CHARGES.
WE
HEREBY UNDERTAKE TO PAY YOU IRREVOCABLY AND UNCONDITIONALLY ON YOUR FIRST
DEMAND, MADE BY TESTED TELEX OR FAX AND WITHOUT REFERENCE TO OUR PRINCIPALS OR
ANY OTHER PARTY, ANY AMOUNT UP TO____________________ UNITED STATES DOLLARS
(USD$___________ ), PLUS ACCRUED INTEREST AND CHARGES, NOT WITHSTANDING ANY
CONTENTION OF ANY NATURE WHATSOEVER, BY OUR PRINCIPAL OR ANY OTHER PARTY, OR
ANY OTHER LEGAL ACTION, INJUNCTION OR DEFENSE, ARISING FROM ANY PARTY, ALL OF WHICH ARE HEREBY WAIVED.
WE
ALSO, HEREBY IRREVOCABLY AND UNCONDITIONALLY UNDERTAKE TO REIMBURSE YOU ON
DEMAND ALL COST AND EXPENSE, INCLUDING LEGAL FEES, WHICH YOU MAY INCUR IN
CONNECTION WITH THE ENFORCEMENT OF THIS GUARANTEE. THE GUARANTEE HAS BEEN
INSURED IN ACCORDANCE WITH THE PREVAILING CONTROL REGULATIONS IN ______________
, WITHOUT CONTRAVENTION OF ANY OF IT’S RULES OR PROVISIONS AND IS VALID FOR ANY
CLAIM(S) RECEIVED FROM YOU ON OR BEFORE (MONTH, DAY, YEAR)
THIS
BANK GUARANTEE IS TRANSFERABLE, ASSIGNABLE AND DIVISIBLE. THIS GUARANTEE IS
ISSUED AND SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICES OF ICC 500. THIS BANK
GUARANTEE EXPIRES AFTER ONE (1) YEAR AND THIRTY INTERNATIONAL BANKING DAYS ON
THE (DAY) OF (MONTH) IN THE YEAR, AND AFTER THIS DATE BECOMES NULL AND VOID.
THIS
GUARANTEE IS CLEAR OF ANY LIEN AND ENCUMBRANCES AND IS OF NON-CRIMINAL ORIGIN.
BY:
_______________________________ BY:
_______________________________
AUTHORIZED
BANK OFFICER AUTHORIZED
BANK OFFICER
NAME
AND TITLE NAME AND TITLE
ID# _______________________________ ID# ___________________
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