what do the exporter request for bank guarantees
Answers
Answer:
Performance, Bid bond, Advance Payment, Deferred Payment, Financial Bank Guarantee. At competitive price, easy documentation, accepted by all Government & Pvt. Institutions.
Explanation:
A Bank Guarantee is an alternative to providing a deposit or bond directly to a supplier or vendor. ... Bank Guarantees require security in the form of cash held on deposit with the bank, or real estate of a type and value acceptable to the bank.
However, to obtained the bank guarantee one need to have a current account in the bank. ... In case of a letter of credit, there are normally four parties involved; issuing bank, advising bank, the applicant (importer) and the beneficiary (exporter).
Answer:
Any one can apply for a bank guarantee, if his or her company has obligations towards a third party for which funds need to be blocked in order to guarantee that his or her company fulfils its obligations (for example carrying out certain works, payment of a debt, etc.).
Explanation:
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