DRAFT BANK GUARANTEE
(ON ISSUING BANK LETTERHEAD)
APPLICANT:
BANK GUARANTEE NUMBER:
DATE OF ISSUANCE:
MATURITY DATE:
EXPIRATION DATE:
TO: BENEFICIARY
ADDRESS
WE THE UNDERSIGNED (___NAME OF THE BANK___) DO HEREBY ESTABLISH OUR IRREVOCABLE, AND CONFIRMABLE BANK GUARANTEE IN FAVOR OF (_SELLER_) IN THE AMOUNT OF (_ IN WORDS_) UNITED STATES DOLLARS (US$ ________) DUE IN (___PERIOD__) FROM THE DATE OF ISSUE (__________) 1997.
DRAFT MAY BE DRAWN AND NEGOTIATED ON, BUT NOT BEFORE THE MATURITY DATE OF --------------------- BUT NOT LATER THAN THIRTY (30) DAYS AFTER MATURITY DATE.
THE DRAFT DRAWN UNDER THIS LETTER OF CREDIT MUST BEAR ON ITS FACE THE CLAUSE:
"DRAWN UNDER BANK GUARANTEE NUMBER (___________)
DATED (_______________) 1997".
THE AMOUNT OF THE DRAWN DRAFT UNDER THIS BANK GUARANTEE MUST CONCURRENTLY WITH NEGOTIATION, BE ENDORSED HEREON AND THE PRESENTATION OF ANY SUCH DRAFT SHALL CONSTITUTE A WARRANT BY THE NEGOTIATING BANK OR BANKS THAT SUCH ENDORSEMENT HAS BEEN MADE. WE HEREIN AGREE WITH THE DRAWER, ENDORSERS AND BONA FIDE HOLDERS OF THE DRAFT DRAWN UNDER AND IN COMPLICANCE WITH THE TERMS OF THIS BANK GUARANTEE, THAT SUCH A DRAFT WILL BE HONORED UPON PRESENTATION TO THE DRAWER.
THE DOCUMENT IS SUBJECT TO THE "UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS", 1993 VERSION, INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE, PUBLICATION 500.
BANK SEAL____________________
BANK OFFICIAL SIGNATURE BANK OFFICIAL SIGNATUR
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