From: of 

To: Beneficiary: BENEFICIARY 

Date: 24 November 2024

TENDER GUARANTEE

No.NUMBER

We have been informed that PRINCIPAL (hereinafter called "the Principal"), responding to your invitation to tender No. TENDER_NUMBER dated TENDER_DATE for the supply of PRODUCT, has submitted to you his offer No. OFFER_NUMBER dated OFFER_DATE.

Furthermore, we understand that, according to your conditions, offers must be supported by a tender guarantee.

At the request of the Principal, we  irrevocably undertake to pay you any sum or sums not exceeding in total an amount of AMOUNT upon receipt by us of your first demand in writing and your written statement stating:

1) that the Principal is in breach of his obligation(s) under the tender conditions; and

2) the respect in which the Principal is in breach.

Your demand for payment must also be accompanied by the following documents: 

DOCUMENT

This guarantee shall expire on EXPIRY at the latest.

Consequently, any demand for payment under it must be received by us at this office on or before that date.

This document is governed by and are to be construed in accordance with English Law.

All disputes controversy, difference or claim arising out of or in connection with this document, including any question regarding its existence, validity or termination, or any dispute regarding non-contractual obligations shall be finally settled under the arbitration rules of the London Court of International Arbitration by one or more arbitrators appointed in accordance with the said rules. The seat of Arbitration shall be London and proceedings shall be conducted in English.

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