1、GUARANTEE UNDER COMPENSATION TRADETo：(Name And Address Of The Beneficiary) Date ：(Issuing Date)No.： (Guarantee Number) We have been informed that (Name Of The Applicant) (hereinafter referred to as the Applicant), has entered into contract No. (The Contract Number) dated (Date Of The Contract) with
2、you, for (Description Of Goods And /Or Services Or Project) at a total price of (The Contract Price).At the request of the Applicant, we, BANK OF ZHENGZHOU CO.,LTD (Address Of The Bank), hereby issue this letter of guarantee and irrevocably undertake to pay you any sum or sums not exceeding in total
3、 an amount of (Amount In Figures) (say: Amount In Words) plus interest at (Agreed Percentage) % p.a. accrued from the aforesaid amount on a 360 days basis calculated as from (Agreed Date) up to (Agreed Date), within (Agreed Number Of Days) days upon receipt of your first written demand stating that
4、the Applicant is in breach of his obligation(s)under the underlying contract.Your demand for payment must also be accompanied by the following documents:1. A true copy of commercial invoice and 2. A true copy of B/L evidencing the equipment under the contract has been shipped to the Applicant. 3. In
5、spection certificate issued by China Commodity Inspection Bureau in (Chinese Port) certifying the goods shipped to China are qualified. 4. Certificate certifying applicants satisfaction to the equipment signed by the Applicant.5. A copy of the Letter of Credit for the related shipment(s) of buying b
6、ack under the contract.The amount of this Guarantee will be automatically reduced in proportion to the sum plus interest already paid by the Applicant or us.This Guarantee shall become effective from issuing date and expire on (The Expiry Date) at the latest. Consequently, any demand for payment und
7、er it must be received by us at (name and address of our office) on or before that date. Upon expiry, this Guarantee shall automatically become null and void whether or not it is returned to us for cancellation.This Guarantee is subject to the Uniform Rules for Demand Guarantees（URDG） 2010 revision, ICC Publication No.758. BANK OF ZHENGZHOU CO.,LTD
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