Bank Performance Guarantee Sample English Version
Bank: [Name of the Bank]
Address: [Bank Address]
Tel: [Bank Contact Number]
Email: [Bank Email Address]
Date: [Current Date]
Beneficiary: [Name of Beneficiary]
Address: [Beneficiary Address]
Tel: [Beneficiary Contact Number]
Email: [Beneficiary Email Address]
Dear Sir/Madam,
Subject: Bank Performance Guarantee - Letter of Credit No. [LC Number]
We refer to the agreement dated [Agreement Date] entered into between the undersigned Bank and [Name of Beneficiary] (hereinafter referred to as "the Beneficiary") and in accordance with your request, we hereby establish our irrevocable letter of credit in your favor to guarantee the performance by [Name of Applicant] (hereinafter referred to as "the Applicant") of their obligations under the said agreement.
The total amount available under this guarantee shall be USD [Guarantee Amount] (United States Dollars [Amount in Words]), or its equivalent in any other freely convertible currency acceptable to the Beneficiary. This guarantee is valid until [Expiry Date].
This guarantee is subject to the following conditions:
Please confirm your acceptance of this guarantee in writing by signing and returning the enclosed copy of this letter. We kindly request you to provide us with your correct bank account details to enable us to process any payments promptly.
If you have any questions or require further information, please do not hesitate to contact us. We look forward to providing you with our best service.
Yours faithfully,
[Authorised Signatory]
[Bank Name]
[Authorised Signatory Designation]
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