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Bond guarantee

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These guarantees help exporters to furnish bid bonds, advance payment bonds or performance bonds

Apply for a guarantee? Please click the green button to the right.

The guarantees are normally issued by the exporter's bank in favour of the purchaser, and GIEK may underwrite up to 50 % of the bank's risk. The exporter is required to repay any disbursements by the bank and GIEK in the event of calling. For public buyers, GIEK may cover unfair calling in an additional policy.

 

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