THE SPECIMEN OF BANK GUARANTEE MT760

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					                              THE SPECIMEN OF BANK GUARANTEE MT760

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--------------------- Instance Type and Transmission ----------------
Notification (Transmission) of Original sent to SWIFT
Network Delivery Status          :       Network Ack
Priority/Delivery         :      Normal
Message Input Reference          :
--------------------- Message Header --------------------------------
Swift Input       :       MT760

Sender      :

Receiver            :

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27: Sequence of Total
    1/

20: Transaction Reference Number

23: Further Identification

30: Date

40C: Applicable Rules
   URDG

77C: Details of Guarantee

   REFERENCE NUMBER      :
   TYPE OF BANK GUARANTEE : IRREVOCABLE
   DATE OF ISSUE       :
   DATE/PLACE OF EXPIRE :
   ISSUING BANK, ADDRESS :

   APPLICANT              :

   BENEFICIARY                :

   ADVISING BANK       :
   SWIFT:
   AMOUNT : USD 00,000,000.00 (---- MILLION 00/100 US DOLLARS)

WE UNDERSTAND FROM OUR CUSTOMER (name, address), HEREINAFTER REFERRED TO AS
"APPLICANT", THAT ON (month, date, 2007) IT HAS CONCLUDED A CONTRACT NO. __________
WITH YOU, Beneficiary’s name, HEREINAFTER REFERRED TO AS "BENEFICIARY”, FOR THE SUPPLY OF
______________ IN A TOTAL CONTRACTUAL VALUE OF US$00,000,000.00 (--- MILLION        00/100
UNITED STATES DOLLARS).
A FACE VALUE OF THIS GUARANTEE SHALL BE EQUAL TO THE VALUE OF THE PRODUCT TO BE
DELIVERED AS A LOT OF 00,000 (------) METRIC TONS, IN TOTAL AMOUNT OF USD 00,000,000.00 (--
--MILLION 00/100 US DOLLARS).
F0R THE VALUE RECEIVED WE, (name of the bank, address), HEREBY IRREVOCABLY AND
UNCONDITIONALY, WITHOUT PROTEST OR NOTIFICATION, PROMISE TO PAY AGAINST THIS BANK
GUARANTEE No. _______ TO THE ORDER OF THE BENEFICIARY THEREOF, BEFORE OR AT THE DATE
OF MATURITY, UPON RECEIPT OF BENEFICIARY’S FIRST WRITTEN DEMAND STATING THAT THE
APPLICANT HAS FAILED TO COMPLY WITH HIS PAYMENT OBLIGATIONS AS THE BUYER IN
CONFORMITY WITH THE

TERMS OF THE ABOVE MENTIONED CONTRACT.
OUR GUARANTEE IS VALID TILL ______ (DATE) AND EXPIRES IN FULL AND AUTOMATICALLY IF WE
DO NOT RECEIVE THE REQUEST FOR PAYMENT, EITHER IN WRITING OR BY SWIFT, ON OR BEFORE
THAT DATE.
SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF FREE AND CLEAR OF ANY DEDUCTION,
CHARGES, FEES, OR WITHHOLDING OF ANY ASSESSED BY THE GOVERNMENT, OR ANY POLITICAL
SUBDIVISION OF AUTHORITY THEREOF OR THEREIN.

THIS  GUARANTEE    IS  IRREVOCABLE,  NEGOTIABLE,   DIVISIBLE,  ASSIGNABLE   WITHOUT
PRESENTATION TO US AND WITHOUT THE PAYMENT OF ANY TRANSFER FEES.

THIS GUARANTEE IS SUBJECT TO THE UNIFORM RULES FOR DEMAND GUARANTEES, ICC
PUBLICATION No. 458.

72: Sender to Receiver Information

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posted:3/13/2010
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