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1. Parties: Identifies the bank (guarantor), the beneficiary, and the principal (applicant) for whom the guarantee is issued
2. Background: Describes the underlying transaction or relationship necessitating the guarantee and references the relevant commercial agreement
3. Definitions: Defines key terms used throughout the guarantee document
4. Guarantee Amount and Currency: Specifies the maximum amount of the guarantee and the currency of payment
5. Scope of Guarantee: Details the specific obligations or performance being guaranteed
6. Payment Terms: Specifies the deferred payment structure, including payment schedule and conditions
7. Demand Requirements: Outlines the process and requirements for making a valid demand under the guarantee
8. Expiry and Claims Period: States the validity period of the guarantee and deadline for claims
9. Governing Law and Jurisdiction: Specifies UAE law as governing law and defines jurisdiction for disputes
10. Notices: Details how and where formal communications between parties should be made
1. Counter Guarantee: Required when the guarantee is issued through a correspondent bank or involves multiple banking parties
2. Assignment: Include when the rights under the guarantee may need to be transferable
3. Force Majeure: Add when specific force majeure provisions are required beyond standard UAE law provisions
4. Language: Include when the guarantee needs to be bilingual or specify which language version prevails
5. Partial Drawings: Include when multiple drawings under the guarantee are permitted
6. Anti-Money Laundering Compliance: Add when dealing with international transactions or high-risk sectors
1. Schedule 1 - Form of Demand: Template for making a valid demand under the guarantee
2. Schedule 2 - Payment Schedule: Detailed schedule of deferred payment dates and amounts
3. Schedule 3 - Supporting Documents: List of required documents to be presented with any demand
4. Appendix A - Underlying Commercial Agreement Details: Key details from the underlying commercial agreement relevant to the guarantee
5. Appendix B - Authorized Signatories: List of persons authorized to make demands under the guarantee
Banking and Financial Services
International Trade
Construction and Infrastructure
Manufacturing
Oil and Gas
Real Estate Development
Wholesale and Distribution
Engineering and Industrial Services
Telecommunications
Government and Public Sector
Legal
Finance
Treasury
Trade Finance
Risk Management
Compliance
Commercial Operations
Banking Operations
Credit Administration
International Business
Trade Finance Manager
Corporate Banking Officer
Legal Counsel
Chief Financial Officer
Treasury Manager
Risk Management Officer
Compliance Officer
Commercial Director
Finance Director
Import/Export Manager
Credit Manager
Documentary Credits Specialist
Banking Operations Manager
Contract Administrator
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