- Guaranty for protecting the regime of re-export and transit – According to the Customs Code of Georgia, movement of goods on the territory of Georgia in the regime of transit and export requires a bank guaranty.
- Guaranty for protecting the Customs regime of import and processing – According to the Customs Code of Georgia, processing of imported goods and further export requires a bank guaranty.
- Guaranty for Customs Consignment Warehouse - According to the Customs Code of Georgia, a warehouse needs a bank guaranty to acquire the status of a Customs Consignment Warehouse.
- Guaranty for Payment - This type of guaranty is issued to secure compensation of goods or services delivered to an organization.
- Guaranty for Advance Payment – Guaranty for advance payment is issued in lieu of advance payments to secure the obligation of a supplier to carry out the shipment of goods.
- Guaranty for quality – This guaranty is issued to secure fulfilment of an obligation to reimburse a loss of a company caused by inferior quality of shipped product.
- Guaranty for participation in a tender – A Letter of Guaranty is often required to secure fulfilment of obligations of tender if a participant qualifies.
Commission charges and other conditions differ according to the particular type of guaranty. However, the following conditions are common for every type of guaranty:
Maximum Amount:$ 3,500,000 (not more than15% of the Bank Capital)
Minimum Issuing Fee:20 USD
Charges for International Guaranty
Please, Contact us if you value the timely and profitable decisions.
Kakha Kakhiani
Manager of Documentary Operations
(995-32) 2 777-999
KKakhiani@tbcbank.com.ge
