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What is Counter Bank Guarantee?

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Question added by Muhammad Rizwan , Executive Procurement (Technical) , FFCL
Date Posted: 2015/11/10
Mohammed Abdulrahim
by Mohammed Abdulrahim , Senoir financial Accountant , Aljammaz Group

Counter-guarantee means any guarantee, bond or other payment undertaking of the instructing party, however named or described, given in writing for the payment of money.

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