Bank Guarantees

Bank Guarantees

Information

Types of Bank Guarantees:

  • Guarantees for participation in tenders - issued in favor of the organizer of the tender and guarantee the conclusion of a contract by the ordering party or the fulfillment of the offer submitted by the ordering party

  • Advance payment guarantees - issued to guarantee the return of an amount received in advance under a contract between the ordering party and the beneficiary

  • Performance guarantees - issued to guarantee the exact fulfillment of the obligations of the ordering party under a contract with the beneficiary

  • Payment guarantees - issued to guarantee the payment of the ordering party in favor of the beneficiary, under a contract concluded between them

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