Format of bank guarantee
This query is : Open
SAI CHANDU B
(Querist)
26 June 2013
A Company sells all its products to customers on credit. It wants to obtain Bank Guarantee from its customers since it has newly started operations in an area.
As per the terms, customer should make payment within 90 days failing which the Bank Guarantee shall be invoked and the BG should be obtained initially for one year.
Can some one suggest a draft Format of Bank Guarantee to be obtained from customers?
Also can someone suggest any other conditions in this regard?
As per the terms, customer should make payment within 90 days failing which the Bank Guarantee shall be invoked and the BG should be obtained initially for one year.
Can some one suggest a draft Format of Bank Guarantee to be obtained from customers?
Also can someone suggest any other conditions in this regard?
CA.Vinita Gupta
(Expert)
26 June 2013
Different banks have different format of bank guarantee. So pls ask the bank for the same
SAI CHANDU B
(Querist)
27 June 2013
But the Bank has asked the customer to provide the format. That's why I need your help.
Ajay Mishra
(Expert)
27 June 2013
give id i will send the same.
SAI CHANDU B
(Querist)
06 July 2013
Thank you very much.
My e-mail id is saichanduca@gmail.com
My e-mail id is saichanduca@gmail.com
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