Bank guarantees

A Bank guarantee is the obligation of the bank to pay a party to the agreement (a recipient of a guarantee) compensation to the extent of the amount indicated in the guarantee if the other party to the agreement (applicant) does not perform its contractual duties.

Bank guarantees give the recipient the security that if the operation indicated in the agreement is not performed for any reason, the recipient shall be entitled to monetary compensation.

We offer a range of guarantees which include:

• Bid Bonds
• Performance Guarantees
• Advance Payment Guarantees
• Retention Money Bonds
• Customs Guarantees
• Shipping Guarantees
• Personal/Corporate Guarantees