DEARSIRS,
WE ARAB BANK plc, HELIOPOLIS BRANCH, HEREBY GUARANTEES: M/S DROSSBACH MASCHINENBAU GMBH
MAX-DROSSBACH-STR. 7, 86641 RAN AMLECH,
GERMANY
FOR AN AMOUNT OF USD74,000.00 ONLY SEVENTY FOURTHOUSAND DOLLAR ONLY. FOR A PERIOD FROM 25/08/2016 UNTIL 29/01/2017 (INCLUSIVE). IN RESPECT OF SUPPLY AND ERECTION OF (LOT 1) PVC DRAINAGE COLLECTOR SINGLE WALL PIPES PRODUCTION LINE AND SPARE PARTS
AS PER THE FOLLOWING TEXT
QUOTE WE HAVE BEEN INFORMED THAT MISDROSSBACH MASCHINENBAU GMBH, MAX-DROSSBACH-STR. 7, 86641 RAIN AM LECH, GERMANY (HEREINAFTER CALLED "THE APPLICANT") HAS SUBMITTED OR WILL SUBMIT TO THE BENEFICIARY ITS BID (HEREINAFTER CALLED "THE BID") FOR THE EXECUTION OF SUPPLY AND ERECTION (LOT 1) PVC DRAINAGE COLLECTOR SINGLE WALL PIPES PRODUCTION LINE AND SPARE PARTS UNDER INVITATION FOR BIDSTENDER NO 1/2016 PROJECT: THIRD NATIONALDRAINAGE PROJECT (NDP III), EGT-0098 ("THE IFB"). FURTHERMORE, WE UNDERSTAND THAT, ACCORDING TO THE BENEFICIARY'S CONDITIONS, BIDS MUST BE SUPPORTED BY ABID GUARANTEE. AT THE REQUEST OF THE APPLICANT, WE, AS GUARANTOR, HEREBY IRREVOCABLY UNDERTAKE TO PAY THE BENEFICIARY ANY SUMOR SUMS NOT EXCEEDING IN TOTAL AN AMOUNT OF USD 74.000,00 (IN WORDS: UNITED STATES DOLLARS SEVENTYFOURTHOUSAND ONLY) UPON RECEPT OF THE BENEFICLARY'S COMPLYING DEMAND.
ANY WRITTEN DEMAND FOR PAYMENT UNDER THIS GUARANTEE MUST BE RECEIVED BY US AT THE OFFICE INDICATED ABOVE ON OR BEFORE JANUARY 29, 2017.
THIS GUARANTEE IS SUBJECT TO THE UNIFORM RULES FOR DEMAND GUARANTEES (URDG) 2010
REVISION, ICC PUBLICATION NO. 758, ARTICLE 15 (A) IS EXPRESSLY EXCLUDED. UNQUOTE
WE HEREBY DECLARE THAT THE ISSUANCE OF THIS GUARANTEE IS WHITHIN THE AUTHORIZED LIMIT APPROVED BY THE CBE.
THE COPIES AND PHOTOCOPIES OF THIS GUARANTEE ARE CONSIDERED AS NULL AND VOLD FOR CLAIMS PURPOSES.
THIS GUARANTEE WILL BECOME NULL AND VOID AND IT WILL NOT BE RECOGNIZED IN THE EVENT OF ANY CHANGES OR ADDITIONS OR ALTERATIONS OR ANY FORM OF DEFORMATION.
YOURS FAITH FULLY,
معر
Registered Number at Cent. Bank Of Egypt 65 dated June 10,1976
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