Bank Guarantee For Purchase Of Goods Template for Pakistan

1. Foreign Currency Provisions: Required when the guarantee involves foreign currency transactions

2. Counter Guarantee: Needed when there is a counter-guarantee from another bank involved

3. Assignment Restrictions: Include when transfer or assignment of guarantee rights needs to be restricted

4. Force Majeure: Optional clause describing circumstances beyond control that might affect the guarantee

5. Anti-Money Laundering Compliance: Required for high-value guarantees or when dealing with international transactions

6. Electronic Communications: Include when parties agree to accept electronic notifications and communications

1. Schedule 1 - Underlying Purchase Agreement Details: Summary or extract of the main purchase agreement being guaranteed

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

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

4. Appendix A - Authorized Signatories: List of persons authorized to act on behalf of each party

5. Appendix B - Communication Details: Detailed contact information for all parties for notices and communications