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1. Bank Details and Reference: Letterhead and reference number of the issuing bank
2. Date: Date of issuance of the bank guarantee
3. Beneficiary Details: Full name and address of the party in whose favor the guarantee is issued
4. Guarantee Number: Unique identification number of the guarantee
5. Underlying Transaction Reference: Reference to the primary purchase agreement or transaction
6. Guarantee Amount: The maximum amount covered by the guarantee, expressed in both figures and words
7. Guarantee Terms: Core terms including purpose, validity period, and conditions for calling the guarantee
8. Call Conditions: Specific conditions and process for making a claim under the guarantee
9. Expiry Details: Clear statement of expiry date and conditions
10. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant jurisdiction
11. Authorized Signatures: Space for bank officials' signatures and bank stamp
1. Counter Guarantee Reference: Required when the guarantee is issued based on a counter-guarantee from another bank
2. Reduction Clause: Optional clause specifying if and how the guarantee amount can be reduced over time
3. Assignment Provisions: Include when the guarantee needs to be transferable
4. Language Declaration: Required when the guarantee is issued in multiple languages, specifying which version prevails
5. Force Majeure Clause: Optional clause defining circumstances beyond control that might affect the guarantee
6. Electronic Presentation Clause: Include when electronic submission of documents is acceptable
1. Form of Demand: Template for making a claim under the guarantee
2. Copy of Underlying Purchase Agreement: Reference copy of the purchase agreement related to the guarantee
3. Authentication Documents: Copies of authorized signature specimens and authentication documents
4. Release Letter Template: Standard format for the beneficiary to release the guarantee upon expiry or completion
Beneficiary
Business Day
Call Notice
Counter-Guarantee
Demand
Effective Date
Expiry Date
Guarantee Amount
Guarantee Period
Governing Law
Issuing Bank
Maximum Liability
Non-Banking Day
Permitted Assignment
Purchase Agreement
Purchase Price
Release Letter
Secured Obligations
Security Interest
SWIFT
UAE
UAE Business Day
Underlying Transaction
Valid Claim
Working Hours
Writing/Written
Duration and Validity
Payment Obligations
Demand Requirements
Reduction Provisions
Assignment and Transfer
Force Majeure
Governing Law and Jurisdiction
Notices
Amendment and Variation
Expiry and Release
Bank's Rights and Obligations
Beneficiary's Rights and Obligations
Documentary Requirements
Enforcement
Dispute Resolution
Language
Severability
Entire Agreement
Counterparts
Electronic Communications
Stamp Duty and Costs
Waiver
Time Limits
Compliance with Laws
Banking and Financial Services
Manufacturing
Construction and Infrastructure
International Trade
Retail and Wholesale
Oil and Gas
Real Estate Development
Technology and Telecommunications
Healthcare
Government and Public Sector
Legal
Finance
Treasury
Procurement
Risk Management
Trade Finance
Commercial Operations
Compliance
Credit Control
International Banking
Chief Financial Officer
Treasury Manager
Procurement Director
Trade Finance Manager
Legal Counsel
Commercial Director
Risk Manager
Financial Controller
Supply Chain Manager
Credit Manager
Bank Relationship Manager
Contracts Manager
Finance Director
Company Secretary
Compliance Officer
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