Bank Assurance Letter Template for Nigeria

1. Counter-Indemnity Reference: Include when there is a separate counter-indemnity agreement with the applicant

2. Beneficiary Obligations: Include when specific actions are required from the beneficiary to claim under the assurance

3. Force Majeure Clause: Include for long-term assurances or in cases of significant economic uncertainty

4. Dispute Resolution: Include when dealing with international parties or high-value transactions

5. Language Declaration: Include when dealing with international parties or when multiple language versions exist

1. Schedule A - Transaction Details: Detailed description of the underlying transaction or project

2. Schedule B - Security Documents: List of security documents or collateral provided by the applicant

3. Schedule C - Payment Terms: Detailed payment mechanisms and conditions

4. Appendix 1 - Required Documents: List of documents required for making a claim under the assurance

5. Appendix 2 - Specimen Signatures: Authenticated specimen signatures of authorized bank officials