[name and address of beneficiary]
Our reference: GUA-
Date and place of expiry:
Detail of guarantee:
We are also informed, that according to the conditions of the tender, a bid guarantee is required.
Therefore we, Nykredit Bank A/S, Trade Finance, Kalvebod Brygge 1-3, DK-1780 Copenhagen V, Denmark, at the request of our clients, hereby irrevocably undertake to pay you on your first demand, waiving all rights of objections and defence, 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 that [name of our clients]:
(a) was declared the successful bidder and despite this did not fulfil their obligations towards you in accordance with the tender because..(a brief explanation of the failure must be indicated); or
(b) have withdrawn their offer during the tender period.
For the purpose of identification, your demand for payment and your statement hereunder have to be presented through the intermediary of your bank confirming that the signatures thereon are legally binding upon you.
This guarantee shall automatically be reduced by any payment made by us under this guarantee.
Our guarantee is effective as of today and expires on [date], automatically and in full if your demand has not been received by us on or before that date.
For the sake of good order, please return this document to us when the guarantee is no longer required or immediately after the expiration of the guarantee.
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.