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1. Parties: Identification of the Bank (Guarantor), the Principal (party requesting the guarantee), and the Beneficiary
2. Background: Context of the guarantee, including details of the underlying transaction or obligation being guaranteed
3. Definitions: Definitions of key terms used throughout the guarantee document
4. Guarantee Amount and Currency: Specific amount and currency of the guarantee commitment
5. Scope of Guarantee: Detailed description of the guaranteed obligations and extent of the bank's commitment
6. Duration and Validity: Commencement date, expiry date, and any automatic extension provisions
7. Conditions for Demand: Requirements and process for making a valid demand under the guarantee
8. Payment Terms: Timeline and method of payment upon receipt of a valid demand
9. Reduction and Release: Conditions under which the guarantee amount may be reduced or the guarantee released
10. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts' jurisdiction
1. Counter-Indemnity: Terms of counter-indemnity from the Principal to the Bank, used when specifically required by the bank's internal policies
2. Assignment Provisions: Terms governing if and how the guarantee can be assigned, included when assignment might be contemplated
3. Multiple Beneficiaries: Additional provisions for cases involving more than one beneficiary
4. Partial Demands: Provisions allowing for multiple partial demands up to the guarantee amount, included when partial claims are permitted
5. Language Provisions: Required when the guarantee is issued in multiple languages, specifying which version prevails
6. Force Majeure: Provisions dealing with extraordinary events affecting the guarantee, included for longer-term or high-value guarantees
7. Electronic Presentation: Terms for electronic submission of demands, included when electronic presentations are permitted
1. Form of Demand: Template for making a valid demand under the guarantee
2. Underlying Contract Details: Key details of the contract or obligation being guaranteed
3. Authentication Procedures: Specified procedures for verifying authenticity of demands and communications
4. Contact Details: List of authorized contacts and notification addresses for all parties
5. Fee Schedule: Details of bank fees and charges related to the guarantee
6. Supporting Documents: List and copies of required supporting documents referenced in the guarantee
Applicable Law
Banking Day
Beneficiary
Business Day
Claim
Commencement Date
Counter-Guarantee
Default
Demand
Effective Date
Event of Default
Expiry Date
Guarantee Amount
Guarantee Period
Guaranteed Obligations
Guarantor
Indemnity
Interest Rate
Maximum Liability
Notice
Obligations
Original Guarantee
Payment Date
Principal
Principal Contract
Relevant Jurisdiction
Security
Specified Currency
Supporting Documents
UAE
UAE Dirham
Underlying Contract
Validity Period
Working Day
Guarantee
Payment Obligations
Demand Requirements
Term and Duration
Reduction and Release
Counter-Indemnity
Representations and Warranties
Assignment
Notices
Amendments
Force Majeure
Severability
Waiver
Governing Law
Jurisdiction
Language
Costs and Expenses
Stamp Duty
Entire Agreement
Confidentiality
Anti-Money Laundering
Compliance with Laws
Electronic Communications
Authentication
Set-Off Rights
Transfer Rights
Termination
Dispute Resolution
Currency Provisions
Banking and Financial Services
Construction and Infrastructure
Real Estate Development
International Trade
Oil and Gas
Government and Public Sector
Manufacturing
Retail
Telecommunications
Transportation and Logistics
Legal
Finance
Treasury
Compliance
Risk Management
Project Management
Procurement
Commercial
Trade Finance
Corporate Banking
Credit Administration
Chief Financial Officer
Treasury Manager
Finance Director
Legal Counsel
Compliance Officer
Risk Manager
Project Manager
Contract Manager
Banking Relationship Manager
Trade Finance Manager
Credit Manager
Corporate Banking Officer
Commercial Director
Procurement Manager
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