APPROVED VERBIAGE
ON THE ISSUING BANK LETTERHEAD
PRIME BANK GUARANTEE
GUARANTEE NUMBER:
DATE OF ISSUE:
DATE OF MATURITY:
US $ AMOUNT:
FOR THE FACE VALUE RECEIVED, WE, THE UNDERSIGNED APPOINTED OFFICERS FOR
AND ON BEHALF OF THE (NAME OF ISSUING BANK) HEREBY IRREVOCABLY AND UNCONDITIONALLY WITHOUT
PROTEST OR NOTIFICATION PROMISE TO PAY AGAINST THIS BANK GUARANTEE TO THE ORDER OF (NAME
OF BENEFICIARY), AT MATURITY THE SUM OF US $ ___________ (AMOUNT IN WORDS) IN THE LAWFUL
CURRENCY OF UNITED STATES DOLLARS UPON PRESENTATION AND SURRENDER OF THIS GUARANTEE AT THE
OFFICE OF (NAME OF ISSUING BANK AND ITS ADDRESS).
THIS GUARANTEE IS NEGOTIABLE AND TRANSFERABLE WITHOUT PRESENTATION OF
IT TO US AND WE HEREBY AGREE WITH THE DRAWERS, ENDORSERS AND BONA FIDE HOLDERS OF THIS
GUARANTEE THAT THE SAME SHALL BE DULY HONORED ON THE DUE PRESENTATION TO US.
SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY
DEDUCTIONS, CHARGES, FEES OR WITHHOLDINGS OF ANY NATURE NOW OR HEREAFTER IMPOSED, LEVIED,
COLLECTED, WITHHELD OR IT ASSESSED IN THE GOVERNMENT OF (COUNTRY) OR POLITICAL SUBDIVISION
OR AUTHORITY THEREOUT OR THEREIN.
THIS GUARANTEE IS SUBJECT TO THE ICC PUBLICATION NO. 500, UNIFORM
CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, 1993 EDITION.
FOR AND ON BEHALF OF (FULL NAME AND ADDRESS OF THE ISSUING BANK).
NAME & TITLE OF BANK OFFICER NAME &
TITLE OF BANK OFFICER |