Bid Bond p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Arial; -webkit-text-stroke: #000000} span.s1 {font-kerning: none} A bid bond is issued as part of a supply bidding process by the contractor to the project owner, to provide guarantee, that the winning bidder will undertake the contract under…
The customs taxes guarantee is a firm and irrevocable commitment undertook by the guarantor regarding the payment in favour of the beneficiary (customs office/general customs office) of the taxes (customs duty, VAT, excise tax) related to the goods placed in suspensive customs conditions, but not more than the limit of…
The Payment Guarantee Insurance is a firm and irrevocable commitment undertook by the Guarantor in relation to the payment in favour of the Beneficiary (supplier of goods or services) of the amount related to the goods delivered or the services provided, but not more than the limit of the insured amount. The Payment Guarantee…
The need of financial insurances is determined by the fact that the commercial activity is, by definition, submitted to various risks. Each year, dozens of hundreds of thousands of companies in the world go bankrupt, having only debts towards the partners. The financial insurances are a relatively new form of insurance,…
Bid Bond p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Arial; -webkit-text-stroke: #000000} span.s1 {font-kerning: none} A bid bond is…
The need of financial insurances is determined by the fact that the commercial activity is, by definition, submitted to various risks. Each year, dozens…
