VERBIAGE TEXT OF BANK GUARANTEE (ICC UCP 600 FORMAT) TO BE DELIVERED VIA SWIFT MT760
(TEXT MAY VARY IN SUBSTANCE BUT THE ESSENTIAL UNDERTAKING MUST BE MAINTAINED)
PRINTRECEIVER –
———————————————–INSTANT TYPE AND TRANSMISSION ——————————————————
NOTIFICATION (TRANSMISSION) OF ORIGINAL SENT TO SWIFT – MT – 760
NETWORK DELIVERY STATUS : NETWORK ACK
PRIORITY DELIVERY : URGENT
MESSAGE INPUT REFERENCE :
————————————MESSAGE HEADER— —————
SWIFT OUTPUT : BRUSSELS MT 760
FROM
: [BANK SWIFT CODE]
BANK NAME : [BANK FULL NAME]
BANK ADDRESS : [BANK ADDRESS]
ACCOUNT NAME : [ACCOUNT NAME]
ACCOUNT NUMBER : [ACCOUNT NUMBER]
BANK OFFICER : [ACCOUNT OFFICER NAME]
BANK TELEPHONE : [ACCOUNT OFFICER NUMBER]
BANK FAX
TO : [FACSIMILE NUMBER]
: [BANK SWIFT CODE]
BANK NAME : [BANK FULL NAME]
BANK ADDRESS : [BANK ADDRESS]
ACCOUNT NAME : [ACCOUNT NAME]
ACCOUNT NUMBER : [ACCOUNT NUMBER]
BANK OFFICER : [ACCOUNT OFFICER NAME]
BANK TELEPHONE : [ACCOUNT OFFICER NUMBER]
BANK FAX
: [FACSIMILE NUMBER]
TRANSACTION CODE :
BG/SBLC NO: :
CURRENCY :
AMOUNT :
DATE OF ISSUE :
DATE OF EXPIRY :
BENEFICIARY :
WE HEREWITH OPEN OUR BANK GUARANTEE NO.__________ AS FOLLOWS:
FOR THE VALUE RECEIVED, WE, THE UNDERSIGNED, [ISSUING BANK NAME] LOCATED AT [BANK
ADDRESS], HEREBY ISSUE OUR IRREVOCABLE, UNCONDITIONAL, TRANSFERABLE, DIVISIBLE, FULLY CASH BACKED BANK GUARANTEE FOR CONTRACT NO…..AND
WITHOUT PROTEST OR NOTIFICATION, PROMISE TO PAY AGAINST THIS BANK GUARANTEE TO THE
ORDER OF [BENEFICIARY], THE BEARER OR HOLDER THEREOF, AT MATURITY, THE SUM OF FIVE
HUNDRED MILLION …… (….500,000,000.00) IN THE LAWFUL CURRENCY OF ………, UPON
PRESENTATION AND SURRENDER OF THIS BANK GUARANTEE AT ANY OF THE COUNTERS OF [BANK NAME]
SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY DEDUCTIONS,
CHARGES, FEES, OR WITHHOLDING OF ANY NATURE PRESENTLY OR IN THE FUTURE IMPOSED, LEVIED,
COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OF [COUNTRY OF ISSUE] OR ANY POLITICAL
SUBDIVISION OR AUTHORITY AND THEREIN AND THEREOF. THIS BANK GUARANTEE IS DIVISIBLE, ASSIGNABLE, TRANSFERABLE AND NEGOTIABLE WITHOUT PRESENTATION OF IT TO US AND WITHOUT THE PAYMENT OF ANY TRANSFER FEE OR CHARGES.
THIS BANK GUARANTEE SHALL BE GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF [COUNTRY OF ISSUE]. THIS BANK GUARANTEE IS AN OPERATIVE INSTRUMENT.
THIS BANK GUARANTEE IS GOVERNED BY THE UNIFORM CUSTOMS AND PRACTICE FOR BANK GUARANTEE AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, UNIFORM RULES FOR DEMAND GUARANTEES (ICC PUBLICATION NO. 758).
THIS IS AN OPERATIVE INSTRUMENT AND NO MAIL CONFIRMATION WILL FOLLOW.
YOURS FAITHFULLY,
FOR AND ON BEHALF OF
[ISSUING BANK NAME]
[ISSUING BANK ADDRESS] (BANK SEAL)