BBS  Email&MSN: ycl1227@163.com
  
Homepage   |   Power Generation   |   Project Financing    |   Equipments   |   Transmission   |   News   |   Contact    |   services   |   download   |   sitemaps   |   Business Opportunity   |   BBS-Blog   |   Purchasing-agent   |   Exchange Link  

Mail List

E-mail:

Home > Project Financing  - Sample advance payment bank guarantee for 2x500kw diesel generator plant


 

Sample advance payment bank guarantee for 2x500kw diesel generator plant

TO: xxxx SERVICES (SL) LTD.
Xxxx
SIERRA LEONE
 
WHEREAS YOU HAVE CONCLUUED A CONTRACT NO. ZG1009O921-2 DATED SEP, 9 2010(HEREINAFTER CALLED "THE CONTRACT") WITH xxxxx CO., LTD ZHEJIANG CHINA (HEREINAFTER CALLED 鈥淐ONTRACTOR鈥?.
FOR CONSTRUCTION OF' 2X500KW DIESEL GENERATOR POWER PLANT PROJEC IT
 
WHEREREAS YOU HAVE AGREEED TO REMIT AN AMOUNT OF USD100,500.00(SAY U.S. DOLLARS ONE HUNDRED THOUSAND FIVE HUNDRED ONLY ) IN FAVOUR OF THE
CONTRACTOR AS ADVANCE PAYMENT AGAINST PRESENTATION OF AN ADVANCE PAYMENT BANK GUARANTEE IN YOUR FAVOUR FOR ALIKE AMOUNT.
 
WE, BANK OF CHINA ZHE.JIANG BRANCH, WITH ADDRESS AT 321 FEND QI ROAD., HANGZHOU ZIIEJIANG CHINA (HEREINAFTER CALLED "TILE BANK鈥? BY ORDER AND FOR ACCOUNT OF THE CONTRACTOR HEREBY ISSUED A GUARANTEE IN
YOUR FAVOUR FOR USDIO0,500.00(SAY U.S. DOLLARS ONE HUTNDRED THOUSAND FIVE HUNDRED ONLY) AND UNDERTAKE TO REIMBURSE YOU ANY SUM UP TO ABOVE MAXIMUM UPON RECEIPT OF THIS ORIGINAL LETTER OF GUARANTEE AND YOUR FIRST WRITTEN DEMAND STATING THAT THE CONTRACTOR HAS FAILED TO FULFILL THEIR OBLIGATIONS UNDER THE ABOVE CONTRACT IRRESPECTIVE OF ANY OBJECTION MADE BY THE CONTRACTOR.
 
THIS GUARANTEE SHALL COME INTO FORCE UNDER THE CONDITIONS THAT THE CONTRACTOR HAS RECEIVED THE ADVANCE PAYMENT FOR USD 100,500.00 (SAY U.S. DOLLARS ONE HUNDRED THOUSAND FIVE HUNDRED ONLY) INTO THEIR ACCOUNT HELD WITH BANK OF CHINA AND REMAIN VALID UNTIL DEC 10 2010, REGARDLESS OF SUCH DATE BEING OUR BANKING DAY OR NOT.
 
CONSEQUENTLY ALL CLAIMS, IF ANY, HEREUNDER SHALL BE SUBMITTED TO AND REACHED THE BANK NOT LATER THAN THE ABOVE EXPIRY DATE, AFTER WHICH OUR LIABILITY AUTOMATICALLY BECOMES NULL AND VOID AND NO CLAIM WHATEVER CAN BE ACCEPTED BY US.
FOR  PURPOSE OF IDEDENTIFICATION, YOUR D RMAND FOR PAYMEN'T IF ANY SHOULD BE PRESENTED THROUGH    THE INTERMEDIARY OF A FIRST RATE BANK
CONFIRMING THAT THE SIGNATURES THEREON ARE GENUINE AND LEAIALLY BINDING UPON YOUR FIRM.
 
THIS GUARANTEE IS SUBJECT TO URDG, ICC PUBLICATION N'O. 458
 




Copyright©2006-2010 Leda Greenpoweer Beijing ICP Reg. No: 10010978
   Fax:0086-10-84568952  E-mail:
ycl1227@163.com