Issuance Format of Guarantee
THE MANAGER,
_______ Bank,
_______ BRANCH
DEAR SIR,
SUB:- REQUEST FOR ISSUANCE OF GUARANTEE IN RESPECT OF GOODS COVERED BY YOUR _______ NO. FOR _______
As per the cargo arrival noticed received by us the shipment cover by the subject letter of credit has been arrived. A copy of the cargo arrival notice /bill of landing is enclosed for your perusal. We understand that the relative documents have not yet been received by you till date.
In order to arrange for clearance of the goods in the absence of the shipping g documents, we request you to issue a shipping guarantee in favor of the shipping company as per the formatted enclosed.
In consideration of your agreeing to issue a guarantee, we hereby undertake/ authorize you to:-
• debit your account with you with the _____ equivalent of the bill amount of the appropriate exchange rate together with interest and other charges on the due date.
• accept the relative documents as presented by our suppliers whether they comply with the l\c terms or not.
We hold you indemnified and harmless for any loss or consequences arising out of insurance of the guarantee, we are enclosing the relative exchange control copy\ies of import license\s and control form at duly completed and signed.
YOURS FAITHFULLY,
________________
________________