A Bank Guarantee is a legal guarantee issued by a bank or financial institution where the bank agrees to pay an on-time amount to the seller in case if the buyer is not capable to pay or perform the terms & conditions of the contract. In short, it is a contractual obligation between the bank and its clients where the bank promises to undertake the payment risk on behalf of its customers. If you are also a global trader and looking for a bank guarantee service, you are at the right place. Bank guarantee makes it easier for both the importers and exporters to execute an international transaction with unfamiliar parties.
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