The bank guarantee, being an important instrument in the performance of contract obligations in international commercial transactions, also acts as an application with independent legal right, in contracts of sale and services. If the client provides a guarantee, if the obligations of the contract are not fulfilled, the bank takes the obligation to pay the amount on itself. Guarantee operations are regulated within the legislation of the Republic of Azerbaijan and in accordance with the rules of international law.
To reduce risks to a minimum, the Bank offers you the following types of guarantees with favorable term
— Payment guarantee.
— Guarantee of advance payment.
— Guarantee of the fulfillment of contract terms.
— Tender guarantee.
— Letter of credit ("stand-by").
— Other types of guarantees