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1. Identification of Parties: Full identification of guarantor and beneficiary (supplier), including registered addresses and company numbers
2. Reference to Supply Agreement: Details of the underlying supply agreement including date, parties, and subject matter
3. Guarantee Amount: Clear statement of the maximum amount being guaranteed and currency
4. Payment Terms: Specific conditions under which payment will be made and timing requirements
5. Duration and Validity: Period of effectiveness, expiry date, and any conditions affecting validity
6. Demand Requirements: Process and formalities for making a valid demand under the guarantee
1. Currency Provisions: Specific provisions for handling multiple currencies and exchange rates when applicable to international transactions
2. Step-in Rights: Provisions allowing guarantor to take over the primary contract in case of default
3. Counter-indemnity Provisions: Terms regarding the primary obligor's duty to indemnify the guarantor for payments made under the guarantee
4. Assignment Restrictions: Provisions restricting or permitting assignment of rights under the guarantee
1. Form of Demand: Standard template for making claims under the guarantee
2. Primary Contract Extract: Relevant excerpts from the underlying supply agreement showing payment obligations
3. Corporate Authorizations: Evidence of corporate authority to issue the guarantee including board resolutions if required
Guaranteed Amount
Guaranteed Obligations
Demand
Expiry Date
Business Day
Primary Contract
Supply Agreement
Payment Default
Guarantor
Supplier
Primary Obligor
Permitted Transfer
Maximum Liability
Claim Notice
Payment Period
Governing Law
Valid Claim
Force Majeure Event
Bank Account Details
Exchange Rate
Specified Currency
Payment Currency
Conversion Date
Banking Hours
Branch Office
Issuing Bank
SWIFT Code
Correspondent Bank
Payment Terms
Maximum Liability
Duration
Demand Process
Notices
Assignment
Waiver
Severability
Governing Law
Jurisdiction
Entire Agreement
Amendments
Representations and Warranties
No Set-off
Enforcement Costs
Currency Conversion
Multiple Currencies
Counter-indemnity
Step-in Rights
Force Majeure
Dispute Resolution
Confidentiality
Third Party Rights
Anti-Money Laundering
Sanctions Compliance
Bank Regulatory Compliance
SWIFT Procedures
Banking Hours
Bank Account Details
Documentary Requirements
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