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1. Bank's Letterhead and Reference Number: Official letterhead with bank details and unique guarantee reference number
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 being issued
4. Guarantee Amount: The specific amount for which the guarantee is being issued, in both figures and words
5. Principal Debtor Details: Full details of the party on whose behalf the guarantee is being issued
6. Underlying Transaction Reference: Reference to the primary contract or obligation for which the guarantee is being provided
7. Guarantee Terms: Specific conditions under which the guarantee can be invoked
8. Validity Period: Clear start and end dates of the guarantee
9. Claim Procedure: Process and timeframe for making claims under the guarantee
10. Governing Law Declaration: Statement specifying Pakistani law as the governing law
11. Bank's Undertaking: Clear statement of bank's unconditional obligation to pay
1. Counter Guarantee Reference: Required when the guarantee is issued based on a counter-guarantee from another bank
2. Reduction Clause: Include when the guarantee amount can be reduced over time based on certain conditions
3. Extension Clause: Required when there's a possibility of extending the guarantee period
4. Assignment Restriction: Include when transfer or assignment of the guarantee needs to be restricted
5. Dispute Resolution: Optional clause specifying arbitration or specific court jurisdiction
6. Language Declaration: Required when the guarantee might be used internationally, specifying the prevailing language
7. Stamp Duty Declaration: Required in cases where specific stamp duty compliance needs to be mentioned
1. Claim Format: Standard format for submitting claims under the guarantee
2. Supporting Documents List: List of required documents to be submitted with any claim
3. Authorization Evidence: Proof of authority of bank signatories (usually kept in bank records but referenced in guarantee)
Principal
Guarantor
Guarantee Amount
Underlying Transaction
Expiry Date
Claim Period
Demand Notice
Business Day
Governing Law
Guarantee Obligation
Event of Default
Claim Documents
Valid Claim
Force Majeure
Banking Hours
Guaranteed Obligations
Notice
Pakistani Rupees
Reference Contract
Specified Currency
Stamp Duty
Validity Period
Counter Guarantee
Applicable Law
Payment Obligation
Duration and Validity
Demand Requirements
Bank's Liability
Assignment and Transfer
Amendment and Variation
Force Majeure
Governing Law
Jurisdiction
Dispute Resolution
Notices
Stamp Duty
Language
Severability
Claim Procedure
Counter Indemnity
Reduction Provisions
Extension Provisions
Currency and Payment
Documentation Requirements
Regulatory Compliance
Bank's Rights and Obligations
Termination
Enforcement
Banking and Financial Services
Construction and Infrastructure
Manufacturing
International Trade
Real Estate Development
Government and Public Sector
Energy and Utilities
Telecommunications
Defense Contracting
Mining and Natural Resources
Legal
Finance
Treasury
Compliance
Risk Management
Procurement
Project Management
Trade Finance
Corporate Banking
Credit Administration
Chief Financial Officer
Treasury Manager
Finance Director
Bank Relationship Manager
Credit Manager
Legal Counsel
Compliance Officer
Contract Manager
Project Manager
Procurement Manager
Risk Manager
Company Secretary
Trade Finance Manager
Financial Controller
Business Development Manager
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