Posted inLoan-Investment
What is bank guarantee?
What is bank guarantee? What is bank guarantee? A guarantee is a promise made by the person/organization (or guarantor) to the Banker that he will pay the present or future…
Posted inInternational Trade
Common Import and Export Documents
Common Import and Export Documents There are many documents involved in international trade, such as commercial documents, financial documents, transport documents, insurance documents and other international trade related documents. In…
Posted inBanking
Different Types of Guarantee in Banking
Different Types of Guarantee in Banking Different Types of Guarantee: a) Financial Guarantee (Bid Bond): Under a financial Guarantee the Bank undertakes to discharge the financial liability of the third…