Performance Bank Guarantee In Tender Template for Malaysia

1. Multiple Beneficiaries Clause: Required when the guarantee is issued in favor of multiple beneficiaries

2. Assignment Clause: Include when the guarantee needs to be assignable to other parties

3. Counter-Guarantee Reference: Required when the guarantee is issued based on a counter-guarantee from another bank

4. Language Declaration: Required when the guarantee is issued in multiple languages

5. Force Majeure Clause: Optional clause defining circumstances beyond control that might affect the guarantee

6. Electronic Presentation Clause: Include when electronic submission of claims is permitted

1. Schedule 1 - Tender Details: Detailed description of the tender project, reference numbers, and dates

2. Schedule 2 - Form of Demand: Prescribed format for making a claim under the guarantee

3. Schedule 3 - Supporting Documents: List of required documents to be submitted with any claim

4. Appendix A - Bank's Authorization: Copy of the bank's internal approval or authorization for issuing the guarantee

5. Appendix B - Principal's Request: Copy of the application or request from the Principal for the issuance of the guarantee