Bank Guarantee

• A Letter of Guarantee is a written commitment issued by the Guarantor at the request of the applicant in favor of the beneficiary to undertake that the applicant will fulfill certain obligations under the contract signed between him and the beneficiary.
• A Letter of Guarantee is applicable for a wide variety of commercial activities, such as commodity trade, labor or technology trade, bid and performance for construction project, customs declaration for import and export of goods, application for financing facilities from financial institutions, leasing of complete sets of large equipment, application for goods security under lawsuit, etc.
• Letter of Guarantee is a traditional trade finance product of BOC. We can provide tailor made guarantees in multiple currencies to meet your different need.