Irrevocable And Unconditional Bank Guarantee Template for Pakistan

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

2. Claim Limitation Clause: Optional clause limiting the number of claims that can be made under the guarantee

3. Force Majeure Provisions: Optional clause addressing extraordinary circumstances that might affect the guarantee

4. Assignment Restrictions: Optional clause restricting or permitting the assignment of rights under the guarantee

5. Language Declaration: Required when the guarantee is issued in multiple languages, specifying which version prevails

6. Islamic Banking Compliance: Required when the guarantee needs to comply with Islamic banking principles

7. Stamp Duty Declaration: Required in certain jurisdictions within Pakistan where specific stamp duty requirements apply

1. Schedule A - Form of Demand: Standard format for making a claim under the guarantee

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

3. Schedule C - Communication Details: Complete contact information and authorized representatives of all parties

4. Appendix 1 - Underlying Contract Reference: Details of the primary contract or obligation being guaranteed

5. Appendix 2 - Special Instructions: Any specific requirements or conditions for guarantee operation