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    Tanveer Aziz
    The City Bank Limited has issued an irrevocable and unconditional bank guarantee of Tk. 12,29,426 (approximately $145,000 USD) on behalf of their client SPENSERV in favor of UNITEX COMPOSITE MILLS LTD. The bank guarantee is related to a sales contract between SPENSERV and UNITEX dated September 10, 2016 for the procurement of goods. The bank guarantee is valid for 1 year until October 25, 2017 and makes The City Bank Limited liable to pay UNITEX the full amount on demand without question. Any claims against the bank guarantee must be submitted to The City Bank in writing along with the original guarantee document before the expiration date.

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    The City Bank Limited has issued an irrevocable and unconditional bank guarantee of Tk. 12,29,426 (approximately $145,000 USD) on behalf of their client SPENSERV in favor of UNITEX COMPOSITE MILLS LTD. The bank guarantee is related to a sales contract between SPENSERV and UNITEX dated September 10, 2016 for the procurement of goods. The bank guarantee is valid for 1 year until October 25, 2017 and makes The City Bank Limited liable to pay UNITEX the full amount on demand without question. Any claims against the bank guarantee must be submitted to The City Bank in writing along with the original guarantee document before the expiration date.

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    This format can be used to make bank guarantee as security deposit for projects.

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    The City Bank Limited has issued an irrevocable and unconditional bank guarantee of Tk. 12,29,426 (approximately $145,000 USD) on behalf of their client SPENSERV in favor of UNITEX COMPOSITE MILLS LTD. The bank guarantee is related to a sales contract between SPENSERV and UNITEX dated September 10, 2016 for the procurement of goods. The bank guarantee is valid for 1 year until October 25, 2017 and makes The City Bank Limited liable to pay UNITEX the full amount on demand without question. Any claims against the bank guarantee must be submitted to The City Bank in writing along with the original guarantee document before the expiration date.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    466 views2 pages

    BG Format

    Uploaded by

    Tanveer Aziz
    The City Bank Limited has issued an irrevocable and unconditional bank guarantee of Tk. 12,29,426 (approximately $145,000 USD) on behalf of their client SPENSERV in favor of UNITEX COMPOSITE MILLS LTD. The bank guarantee is related to a sales contract between SPENSERV and UNITEX dated September 10, 2016 for the procurement of goods. The bank guarantee is valid for 1 year until October 25, 2017 and makes The City Bank Limited liable to pay UNITEX the full amount on demand without question. Any claims against the bank guarantee must be submitted to The City Bank in writing along with the original guarantee document before the expiration date.

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    Bank Guarantee

    To,
    UNITEX COMPOSITE MILLS LTD
    Head Office: C&F Tower (6th Floor), 1712,
    Sk. Mujib Road, Agrabad C/A,
    Chittagong, Bangladesh
    Factory: Bashbaria, Shithakunda, Chittagong.
    Subject: Our Bank Guarantee No. 130SD0000xxx Dated xx-10-2016 for Tk. 12,29,426.00
    (Taka Twelve Lac Twenty Nine Thousand Four Hundred Twenty Six) only on behalf of
    SPENSERV , Road # 32, House # 488, New DOHS, Mohakhali, Dhaka- 1205, Bangladesh.
    Dear Sir,
    On behalf of our client, SPENSERV, Road # 32, House # 488, New DOHS, Mohakhali, Dhaka1205, Bangladesh we, The City Bank Limited, Trade Services Division, Al-Amin Center (7TH
    Floor), 25/A, Dilkusha C/A, Dhaka-1000 Bangladesh do hereby issue this irrevocable &
    unconditional Bank Guarantee for Tk.12,29,426.00 (Taka Twelve Lac Twenty Nine Thousand
    Four Hundred Twenty Six) only favoring UNITEX COMPOSITE MILLS LTD against contract
    dated 10-09-2016 for procurement of sales and purchase goods under the sales contract
    agreement under the following terms and conditions:
    1. To make unconditional payment of Tk. 12,29,426.00 (Taka Twelve Lac Twenty Nine
    Thousand Four Hundred Twenty Six) only to you on your demand without any question and
    without any reference whatsoever to our client.
    2. This guarantee shall remain valid for 1 (One) years from the date of its issuance i.e. up to 2510-2017.
    3. The period of validity of this guarantee is further may extendable if desired by our client and
    agreed upon by you and such extension will be at the sole discretion of The City Bank Limited.
    4. The guarantee shall remain in force on us and shall be irrevocable and confirmed.
    5. This guarantee shall not be affected by any change in the constitution of the Guarantor Bank,
    its successors or assigns or by any absorption of or by any absorption with any other Bank or
    Banks and the guarantee shall continue in force and be applicable, notwithstanding any change
    in the composition of the contracting company.
    6. That our liability under this guarantee is restricted up to Tk. 12,29,426.00 (Taka Twelve Lac
    Twenty Nine Thousand Four Hundred Twenty Six) only. Any claim under this guarantee must
    be presented along with original Guarantee to us on or before the date of expiry of this
    guarantee. No claim will be entertained by us after expiry of this guarantee if not extended
    before hand.
    7. After expiry of this guarantee, we shall be released and discharged from liabilities within this
    guarantee and the same shall become null and void forthwith.

    Notwithstanding anything to the contrary contained herein above:


    1. This instrument set forth the terms and conditions of the undertaking of The City Bank Ltd
    and such undertaking shall not in any way be modified, amended, or amplified by reference to
    any document or instrument referred to herein or to which this guarantee relates.
    2. This guarantee cannot be assigned without The City Banks prior consent or
    acknowledgment.
    3. Every demand made hereunder shall be in writing for specific amounts and claims (if any)
    shall be addressed to the Manager, The City Bank Limited, Trade Services Department, Al-Amin
    Center (7TH Floor), 25/A, Dilkusha C/A, Dhaka-1000 Bangladesh. Such claims should be
    presented along with original instrument and shall be delivered at The City Bank Limited, Trade
    Services Department, Al-Amin Center (7TH Floor), 25/A, Dilkusha C/A, Dhaka-1000 on or before
    the end of working hours of the date 25-10-2017..
    4. This guarantee shall remain valid up to 25-10-2017.. The guarantee shall not thereafter be of
    any force or avail in law (whether or not returned to us original) except in respect of any demand
    made by you on or before the close of business of the date 25-10-2017..
    5. This guarantee shall be governed by and construed in accordance with the laws of Peoples
    Republic of Bangladesh.

    AUTHORISED SIGNATURE

    AUTHORISED SIGNATURE

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