Guarantee

When you're trading internationally you may often come across the following guarantees. We can arrange these guarantees to cover many other kinds of risk

• One of the most common types of guarantee
• Usually required for the duration of a contract, plus a grace period to allow the beneficiary to make a demand in the event of non-performance of the obligations covered by the guarantee

• Often called for in support of contract tenders, particularly in international trade situations
• Provides the beneficiary with a financial remedy if the applicant fails to fulfil any of the tender conditions

• Used where the applicant calls for the provision of a sum of money at an early stage of the contract
• The beneficiary can recover the amount paid in advance, or part thereof, if the applicant fails to fulfil their underlying contractual obligations

Provided to customs enabling the applicant to import goods across the border without the immediate payment of duty or tax

Enables an applicant to secure banking facilities for a subsidiary, associate company or personal account in other countries

Enables an applicant to secure a premises and usually required for the duration of a rental contract, to allow the landlord to make a demand in the event of non-performance of the rental contract as covered by the guarantee