Advance Repayment Guarantee
Advance Repayment Guarantee (ARG)
- Details
- Parent Category: Contract Negotiation
- Category: Contract Payment Terms
- Hits: 4357
Advance Repayment Guarantee (ARG) No. Dated: Place:
Guarantor: JSC registered in the Register of Enterprises of the Republic of under No.
authorized address:
Person requesting the Guarantee: SIA
registered in the Register under No.
authorized address:
Beneficiary of Guarantee: SIA
registered in the Register under No.
authorized address:
The person requesting the Guarantee SIA , hereinafter referred to as the Sellers, has informed us that on _. an agreement No. was signed between the Sellers and the Beneficiary of Guarantee SIA , hereinafter referred to as the Buyers on supply of Goods (description of Goods) in the total amount EUR. According to the agreement, the Buyers will pay an advance payment to the Sellers in the amount of EUR, which makes up % of the total value. According to the provisions of the mentioned agreement, advance repayment should be secured by a bank guarantee in the amount of advance payment.