Name and address of beneficiary
Guarantee no.
Amount
Date of Expiry
At the request of (name and address of applicant), we hereby guarantee you irrevocably for the above maximum amount to secure that they fulfil their obligations as tenderer in accordance with their bid covering (description of goods/project).
If (name of applicant) object to our making payment under the guarantee, we will pay no sum of money before (name of applicant) and you are in agreement, or there is a judicial decision.
Where we have received no such claim by (expiry date) at the latest, we stand released from our liability under this guarantee.
We will reduce the guarantee maximum by any such amount, as we have had to pay in order to meet your claim(s) duly made and presented under the guarantee.
When the guarantee expires, please return this document to us.