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银行pb履约保函英语样本
发布时间:2023-11-20 04:47
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银行PB履约保函英语样本

Dear Sir/Madam,

We, [Bank Name], hereby issue this Performance Bond (hereinafter referred to as "Bond") in accordance with the terms and conditions stated herein to guarantee the performance of our client, [Client's Name], in connection with the execution of the contract between [Client's Company] and [Counterparty's Name].

1. Date of Issuance: [MM/DD/YYYY]

2. Beneficiary: [Beneficiary's Name]

3. Contract No.: [Contract Number]

4. Amount: [Contract Value in Words] ([Contract Value in Numbers])

5. Effective Period: This Bond shall be valid from [Effective Start Date] until [Effective End Date] or upon simultaneous receipt by us of your written release.

6. We hereby undertake that if there is any breach of the terms and conditions of the contract by [Client's Company], we will indemnify the beneficiary up to the amount mentioned above upon receipt of a claim from the beneficiary.

7. This Bond shall become null and void upon the following:

a) The completion of all obligations under the contract;

b) Receipt of a written release by us from the beneficiary stating that they have no further claims against [Client's Company]; or

c) Expiry of the effective period mentioned in Clause 5 above.

8. In case of a claim, the beneficiary shall provide us with the necessary documents and evidence proving the breach of contract, the amount of loss suffered, and the actions taken to mitigate such loss.

9. Any dispute arising out of or in connection with this Bond shall be settled through mediation by the International Chamber of Commerce (ICC) in accordance with ICC Mediation Rules.

10. This Bond is irrevocable, unconditional, and payable on demand without any objection or exception whatsoever.

Yours faithfully,

[Bank Name]

[Bank Address]


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