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Advance Payment Guarantee

Description

Advancing Payment Guarantee services are provided by Bank of China Limited Macau Branch. An Advancing Payment Guarantee is issued by Bank of China, at the request of a contractor or seller and in favor of an employer/main contractor (construction contract) or a buyer (sales contract), guaranteeing that the contractor or seller performs the underlying contract after obtaining the advance payment.

Features

1. Startup construction or delivery of goods by utilizing the advance payment smoothly;

2. Guarantee the repayment or reduction of the sum paid in advance.

Target Customers

1. Contractors involved in constructions;

2. Sellers involved in material procurements.

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