Letter of guarantee

Why is it important for your activity?

• To cover the risk of non payment of the buyer
• To enhance your company’s image
• To facilitate your access to export markets

Several types guarantees for an optimal protection

• Contractual guarantees
  • Bid bond guarantee: Allows the supplier to participate in local or international bids and guarantees the buyer truthfulness and seriousness of the bids
  • Advance payment guarantee: Guarantees the buyer that his deposit was well used for its specified transaction or project purposes
  • Performance bond: Ensures a compensation to the buyer if the supplier does not respect the good execution of the project's contract
  • Retention guarantee: Ensures the buyer the refund of part of his payment in case the delivered material or completed work appears to the use, during warranty period, of poor quality
• Unconditional guarantees
  • Credit guarantee, judicial guarantee and payment default guarantee

How to benefit from this service?

• Originator's name and possibly for whom the guarantee is provided
• Name of local or foreigner beneficiary
• Amount of the guarantee
• Maturity of the guarantee
• The objective of the guarantee (or its type) and the initial contract reference