Forudbetalingsgaranti - anfordring

Demand Advance Payment Guarantee

Detail of guarantee:

You have concluded a contract with our client [name and address] with contract no. [number] dated [date] for the [supply of/specification of goods/description of project] at a total price of [price].

Under this contract it has been agreed that you are to make an advance payment in the amount of [currency and amount] against an advance payment guarantee. 

Therefore we, Nykredit Bank A/S, Trade Finance, Sundkrogsgade 25, DK-2150 Nordhavn, Denmark, at the request of our client, irrespective of the validity and the legal effects of the above mentioned contract and waiving all rights of objection and defence arising therefrom, hereby irrevocably undertake to pay you on your first demand, any amount up to the following maximum amount

[currency] [amount] (in words: [amount in words])

upon receipt of your original duly signed demand for payment and your statement, whether in the demand itself or in a separate signed document accompanying or identifying the demand, indicating in what respect [name of our client] did not fulfil their contractual obligations towards you.  

Your demand under this guarantee may be presented as from the crediting of [currency and amount] to our clients account [account number] maintained with us, provided such remittance identifies our guarantee number.

Our guarantee is effective as of today and expires on [date] or such earlier date as the original guarantee document is returned to us, automatically and in full if your demand has not been received by us, at this office, on or before that date, regardless of such date being a non-banking day.

This guarantee is governed by Danish law and the place of jurisdiction is Copenhagen, Denmark.

This guarantee is subject to the Uniform Rules for Demand Guarantees (URDG) 2010 Revision, ICC Publication No. 758.

Yours faithfully,

Nykredit Bank A/S