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(BANK GUARANTEE TO BE SUBMITTED IN NONJUDICIAL STAMP OF VALUE TAKE 300 WITH A FORWARDING LETTER FROM BANK)To:APL (Bangladesh) Pvt. Ltd.,, ,, Bangladesh. BANK GUARANTEESubject: Bank Guarantee No.:,
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A bank guarantee is a promise from a bank that the liabilities of a debtor will be met in the event that the debtor fails to fulfill their contractual obligations.
Any party entering into a contract where a bank guarantee is a stipulated requirement may be required to file a bank guarantee.
To fill out a bank guarantee, the applicant must provide their personal and financial information, the amount and terms of the guarantee, as well as any other required details specified in the contract.
The purpose of a bank guarantee is to provide financial security to the beneficiary in case the applicant fails to fulfill their obligations under the contract.
The bank guarantee must include information such as the name and address of the applicant, the beneficiary, the amount guaranteed, the terms and conditions, and the expiry date of the guarantee.
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