Bank guarantee letter

Bid bond: condition for taking part in tenders, ensures the firm character of the offer and the reliability of the tenderer, guaranteeing that the purchaser will receive upon request the payment of a certain amount, as a percentage of the offer, in the event that the tenderer is under any of the situations provided in the guarantee.
Performance letter of guarantee: required up to the delivery of goods/provision of services, guaranteeing the payment of a determined amount of money as a percentage of the contract value, upon request of the purchaser in the event that the contractual obligations have not been fulfilled
Advance payment letter of guarantee: covers the seller's obligation to refund, in the event of non-performance, the amount or amounts paid in advance by the purchaser
Letter of guarantee for technical warranty/contractual retentions: required up to the end of the technical guarantee period to guarantee the payment of a certain amount of money determined as a percentage of the contract value, upon purchaser’s request in the even that the obligations were not-fulfilled during the technical guarantee period. May be associated with advance payment of retained amounts.
Letter of guarantee for guaranteeing loans: allows the requester to obtain banking services for subsidiaries, affiliated or personal companies in other countries.
Letter of guarantee for customs duties and other public debts: covers your obligation to pay customs duties and other due taxes and fees related to the import of goods or equipment, both in Romania and abroad.
Payment letter of guarantee : covers your payment obligations under certain contracts. Since the letter of guarantee provides financial benefits to the seller, you will be able to negotiate favorable conditions for you, such as a longer payment term, a reduced cost of products etc.