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Average pay per month: 0

Bank guarantee

THE BASIC KINDS OF GUARANTEES

· GUARANTEE OF PAYMENT- the obligation of the bank which has been given out under the request of the principal (buyer) in favour of beneficiary (seller, supplier and etc.) to pay to the last the certain sum in case of default by the principal of the obligations on payment for the put (shipped) goods (the rendered services, performed works);

· TENDER GUARANTEE - the obligation of the bank which has been given out under the request of the party (participant) which has shown desire to take part in the tender and has given the offer to the organizer of the tender, to pay the designated sum in favour of the organizer of the tender;

· GUARANTEE OF RETURN OF ADVANCE PAYMENT - The obligation of the bank which has been given out under the order of the seller in favour of the buyer to return advance payment to the buyer in case of default by the seller of the obligations on delivery of the goods (to granting of services, performance of works);

· GUARANTEE OF PERFORMANCE -  the obligation of the bank which has been given out under the order of the seller in favour of the buyer to pay to the last certain the sumin case of default by the seller of the obligations to delivery.

 

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