Guarantee the Obligee if the Principal resigns (reneges on his promise) or does not continue to sign the contract.
Advance Payment Bond
Guarantee the Obligee that the Principal will be able to return the down payment that has been received in accordance with the terms agreed in the contract.
Guarantee the ability of the Principal to carry out Guarantee the Obligee / Employer if the Principal / Employee fails to carry out his job or the physical work is not in accordance with the provisions of the contract.
Maintenance Guarantee for the results of work that has been completed as a substitute for the amount retained by the Obligee or the employer.
Guarantees a risk given by the “Guarantor” (Surety) to the importing / exporting company (Principal) to carry out its obligations in accordance with the suspension facility for exemption from state levies that it receives from the Government, in this case Customs / KITE (Ease of Import for Export Purposes) and the Directorate General of Customs and Excise. If the Principal does not carry out his obligation, namely re-exporting all finished products that have received added value for his import activities, the Obligee will redeem the guarantee provided by Surety.
The guarantee for a risk provided by the “Guarantor” (Surety) to the Domestic Ethyl Alcohol-Containing Beverage Industry Company is not categorized as liquor (Principal) to carry out its obligations in accordance with the periodic excise payment deferral facility it obtains from the government, in this case the Directorate General of Customs. & Excise. If the Principal does not carry out its obligation, namely paying periodic Excise, the Obligee will redeem the guarantee provided by Surety.
Collateral for the Bank Guarantee issued by the Bank for the benefit of the “Employee” (Principal) in fulfilling its obligations in accordance with the provisions contained in the principal “Employer” (Obligee) agreement with the Principal, and if the Principal does not fulfill his obligations in accordance with the provisions of the contract, then the Insurance (Surety) will pay to the Bank for the Bank Guarantee claim submitted by the Obligee / Job Owner.