2012-01-24
Nordea accessory model
(for information purpose only)
PAYMENT GUARANTEE
Guarantee no.: [guarantee number]
Beneficiary: [name and address]
Applicant: [name and address]
Expiry Date: [insert expiry date]
Guarantee Amount: [currency] [guarantee amount in figures]
[currency] [Guarantee amount in letters]
Underlying relationship: Contract No …………… dated ……………., for the supply of …………………………[description of goods/services] (the “Contract”)
We have been informed that the Applicant has entered into the Contract with you.
Furthermore, we understand that, according to the conditions of the Contract, a payment guarantee is required.
As guarantor we, (name of the bank), hereby guarantee towards you, as for our own debt, the due and punctual fulfilment of the payment obligations assumed by the Applicant under the Contract. However, we shall not by reason of this guarantee be liable to pay to you more in aggregate than the Guarantee Amount.
Place for presentation: [address]
This guarantee shall expire on the Expiry Date at the latest.
Consequently, any demand under it must be received by us at the place for presentation indicated above on or before the Expiry Date. The original of this guarantee shall be returned to us upon expiry. However, after our payment of the whole of the Guarantee Amount or the Expiry Date, whichever comes first, this guarantee will become null and void, whether returned to us or not.
This guarantee is governed by and construed in accordance with [country] law and shall be subject to the jurisdiction [relevant court].
Nordea Bank [relevant country]
General information
[date]
Due to sanctions decided upon by the UN Security Council and USA,
and regulations imposed by EU and local law, Nordea disclaims
liability for any delay, non-return of documents, non-payment or
other action or inaction compelled by law or regulation, a
judicial order or a government regulation applicable to us.
This attachment is for information purposes only and not part of
the terms and conditions if the guarantee.