SPECIMEN TEXT OF BANK GARANTEE

SPECIMEN TEXT OF BANK GARANTEE



Issued by :
Bank guarantee number :
Date of issuance :
Date of maturity :
Date of Expiration :
Contract No :


To (beneficiary) : Company



We, ………….. ……………….., the undersigned, under full banking responsibility, do hereby open our irrevocable, and assignable bank guarantee, confirmable if needed, in favour of our client …………………………….. in the amount of
…………………………………(written amount) United States Dollars.
due one year from the date of issue.
Payment is available at maturity upon first written demand by beneficiary, or the bearer or holder hereof, via tested telex or SWIFT demand. Demand hereunder must be marked as follows :

« Drawn under Bank Guarantee N°………………. Dated 2004. »

We engage with you that the draft drawn under and in compliance with the terms of the bank guarantee shall be duly honoured upon presentation to us by the beneficiary or the bearer or holder herent.

This bank guarantee shall be governed by and shall be construed in accordance with the laws of England & Wales.

This cable is an operative instrument, all charges are for the account of the applicant.

This bank guarantee expires on day of 2???



(Issuing Bank)


Authorized Bank Officer Authorised Bank Officer
Name : Name :
Title : Title :
Tel : Tel :
Fax : Fax :
Bank Seal Bank Seal