Payment Guarantee Insurance
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 is a form of guarantee used only in the private environment, usually it is issued in a conditioned form and provides the possibility of enforcement after establishing the fault of the insured, that he received the goods or benefited from services whose value, guaranteed through the insurance policy, he didn't pay.
The Payment Guarantee is a form of guarantee used only in the private environment, usually it is issued in a conditioned form and provides the possibility of enforcement after establishing the fault of the insured, that he received the goods or benefited from services whose value, guaranteed through the insurance policy, he didn't pay.
Contractual Guarantees
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…
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Commercial loan
The need of financial insurances is determined by the fact that the commercial activity is, by definition, submitted to various risks. Each year, dozens…
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