The Irrevocable Letter of Guarantee is a fundamental financial instrument utilized in various commercial contexts under Maltese law. It is typically required when one party needs to provide financial security to another in transactions such as construction projects, tender submissions, advance payments, or performance obligations. The document represents an unconditional commitment from a bank or financial institution to pay a specified amount upon demand, subject to any stated conditions. Under Maltese jurisdiction, these guarantees are governed by the Civil Code and Banking Act, incorporating relevant EU regulations. The guarantee's irrevocable nature means it cannot be cancelled or amended without the beneficiary's consent, providing robust protection for commercial transactions. This instrument is particularly valuable in international trade and cross-border transactions where Malta's position as a financial services hub makes it a preferred jurisdiction.
Irrevocable Letter Of Guarantee for Malta
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Irrevocable Letter Of Guarantee
"I need an Irrevocable Letter of Guarantee under Maltese law for €2.5 million to secure our company's performance in constructing a commercial building complex in Valletta, with the guarantee validity period from March 1, 2025, to December 31, 2025."
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Letter Head and Date: Bank/Financial Institution's letterhead, reference number, and date of issuance
2. Addressee Details: Beneficiary's complete name and address
3. Guarantee Reference: Clear reference to the underlying transaction or obligation being guaranteed
4. Amount of Guarantee: The specific sum guaranteed, both in figures and words
5. Guarantee Declaration: Clear statement of the irrevocable and unconditional nature of the guarantee
6. Scope of Guarantee: Detailed description of the obligations covered by the guarantee
7. Duration and Validity: Explicit statement of the guarantee's effective date and expiry date
8. Payment Terms: Conditions and process for making a claim under the guarantee
9. Governing Law and Jurisdiction: Explicit reference to Maltese law and jurisdiction
10. Authorized Signatures: Space for authorized bank signatories and bank seal
1. Counter-Guarantee Reference: Required when the guarantee is issued based on a counter-guarantee from another bank
2. Assignment Clause: Include when the guarantee needs to be transferable to other beneficiaries
3. Reduction Clause: Include when the guarantee amount can be reduced over time based on specific conditions
4. Force Majeure Clause: Include for international guarantees to address extraordinary circumstances
5. Language Declaration: Required when the guarantee is issued in multiple languages
6. Anti-Money Laundering Statement: Include when required by specific regulatory requirements or bank policies
1. Schedule 1 - Underlying Contract Details: Details of the primary contract or obligation being guaranteed
2. Schedule 2 - Form of Demand: Prescribed format for making a claim under the guarantee
3. Schedule 3 - Supporting Documents: List of documents required to be submitted with any claim
4. Appendix A - Bank's Standard Terms: Standard terms and conditions of the issuing bank applicable to guarantees
Authors
Relevant legal definitions
Guarantee
Guarantor
Beneficiary
Principal
Underlying Contract
Guarantee Amount
Demand
Business Day
Banking Day
Effective Date
Expiry Date
Claim Period
Force Majeure Event
Material Adverse Change
Permitted Assignment
Counter-Guarantee
Governing Law
Guarantee Obligation
Payment Currency
Authorized Representative
Bank's Standard Terms
Claim Notice
Supporting Documents
Default Event
Maximum Liability
Valid Claim
Reference Rate
Banking Hours
Specified Branch
Presentation Date
Guarantor
Beneficiary
Principal
Underlying Contract
Guarantee Amount
Demand
Business Day
Banking Day
Effective Date
Expiry Date
Claim Period
Force Majeure Event
Material Adverse Change
Permitted Assignment
Counter-Guarantee
Governing Law
Guarantee Obligation
Payment Currency
Authorized Representative
Bank's Standard Terms
Claim Notice
Supporting Documents
Default Event
Maximum Liability
Valid Claim
Reference Rate
Banking Hours
Specified Branch
Presentation Date
Clauses
Guarantee Obligation
Payment Terms
Demand and Enforcement
Duration and Validity
Irrevocability
Assignment
Jurisdiction
Governing Law
Force Majeure
Notices
Bank's Rights and Obligations
Beneficiary's Rights
Anti-Money Laundering
Severability
Amendments
Waiver
Costs and Expenses
Currency
Taxation
Regulatory Compliance
Representation and Authority
Counter-Guarantee
Default Events
Dispute Resolution
Entire Understanding
Payment Terms
Demand and Enforcement
Duration and Validity
Irrevocability
Assignment
Jurisdiction
Governing Law
Force Majeure
Notices
Bank's Rights and Obligations
Beneficiary's Rights
Anti-Money Laundering
Severability
Amendments
Waiver
Costs and Expenses
Currency
Taxation
Regulatory Compliance
Representation and Authority
Counter-Guarantee
Default Events
Dispute Resolution
Entire Understanding
Relevant Industries
Banking and Financial Services
International Trade
Construction and Real Estate
Manufacturing
Energy and Utilities
Telecommunications
Infrastructure Development
Maritime and Shipping
Government and Public Sector
Import/Export
Defense Contracting
Retail and Commercial
Relevant Teams
Legal
Finance
Treasury
Risk Management
Compliance
Trade Finance
Corporate Banking
Credit
Commercial Operations
Procurement
Project Management
Business Development
Relevant Roles
Chief Financial Officer
Treasury Manager
Finance Director
Risk Manager
Trade Finance Manager
Corporate Banking Officer
Legal Counsel
Compliance Officer
Credit Manager
Commercial Director
Procurement Manager
Contract Manager
Business Development Manager
Project Manager
Financial Controller
Find the exact document you need
Stand By Letter Of Credit
A Maltese law-governed Standby Letter of Credit serving as a bank-issued payment guarantee, combining local legislation with international banking practices.
find out more
Bank To Bank Lc
A Maltese law-governed agreement establishing terms and procedures for letter of credit operations between banks, incorporating local and EU banking regulations.
find out more
Unsecured Letter Of Credit
A Maltese law-governed banking instrument that provides an unsecured payment guarantee from a bank to a seller on behalf of a buyer.
find out more
Structured Letter Of Credit
A Maltese law-governed banking instrument combining traditional letter of credit features with structured finance elements for complex international trade transactions.
find out more
Revolving Letter Of Credit
A Maltese law-governed revolving letter of credit document establishing a renewable trade finance facility compliant with EU and international banking standards.
find out more
Electronic Letter Of Credit
A Maltese law-governed digital banking instrument providing secure payment guarantee in international trade, incorporating UCP 600 and eUCP provisions.
find out more
Divisible Letter Of Credit
A Maltese law-governed banking instrument that enables multiple partial drawings against a letter of credit, typically used for international trade transactions with staged shipments.
find out more
Credit Note Letter
A formal financial document issued under Maltese law to adjust or reverse charges from a previous invoice, serving as an official credit record while ensuring compliance with local tax regulations.
find out more
Commercial Letter Of Credit
A Maltese law-governed banking instrument that guarantees payment in international trade transactions upon presentation of compliant documents.
find out more
Bond Letter Of Credit
A Maltese law-governed financial instrument combining bank guarantee and documentary credit features, providing security in commercial transactions under Malta Financial Services Authority oversight.
find out more
Bank Facilities Letter
A Maltese law-governed document outlining terms and conditions of banking facilities offered by a bank to its customer, including credit terms, security requirements, and regulatory compliance elements.
find out more
Usance Letter Of Credit
A Maltese law-governed banking instrument that provides secured deferred payment terms in international trade, combining local and EU regulations with UCP 600 practices.
find out more
Letter Of Credit Transferable
A Maltese law-governed transferable letter of credit that enables the primary beneficiary to transfer credit rights to a second beneficiary, following UCP 600 rules and local banking regulations.
find out more
Transferable Lc
A Maltese law-governed transferable letter of credit document that enables the transfer of credit rights from the first beneficiary to second beneficiaries in international trade transactions.
find out more
Import And Export Letter Of Credit
A Maltese-law banking instrument providing payment security in international trade transactions, governed by local banking laws and UCP 600 rules.
find out more
Lc Bank Guarantee
A Maltese law-governed bank guarantee instrument combining LC features, providing payment security in commercial transactions under MFSA regulation.
find out more
Confirmed Irrevocable Letter Of Credit
A Maltese law-governed banking instrument providing dual-bank payment guarantee in international trade, with irrevocable commitments from both issuing and confirming banks.
find out more
Discounting Letter Of Credit
A Maltese law-governed document establishing terms for early payment of a Letter of Credit through discounting arrangements with a bank.
find out more
At Sight Lc
A Maltese-law governed At Sight Letter of Credit providing immediate payment upon compliant document presentation in international trade transactions.
find out more
Lc Letter Of Credit
A Maltese-law governed banking instrument that provides payment security in international trade transactions, following UCP 600 rules and local banking regulations.
find out more
Irrevocable Letter Of Guarantee
A Maltese law-governed bank guarantee providing unconditional payment commitment to a beneficiary, serving as financial security in commercial transactions.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)