An Irrevocable Letter of Guarantee is a crucial financial instrument in Singapore's commercial landscape, providing security and risk mitigation in various business transactions. The document is typically used when a party requires financial assurance from another party's obligations, such as in construction projects, tender submissions, or trade contracts. Under Singapore law, these guarantees are governed by strict banking regulations and common law principles, making them highly reliable security instruments. The guarantee contains specific details about the maximum amount, validity period, and conditions for claims, and once issued, cannot be revoked without the beneficiary's consent.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Bank Details: Full legal name, registration number, and registered address of the issuing bank
2. Beneficiary Details: Full name, registration details and address of the party in whose favor the guarantee is issued
3. Principal Details: Details of the party whose obligations are being guaranteed, including full legal name and address
4. Guarantee Amount: Specific amount being guaranteed, including currency and amount in both figures and words
5. Underlying Transaction: Reference to the primary contract or obligation being guaranteed, including contract date and reference number
6. Duration and Validity: Effective date and expiry date of the guarantee, including conditions for extension if any
7. Demand Requirements: Specific conditions and process for making a claim under the guarantee, including notice requirements
1. Partial Claims Provisions: Optional provisions allowing multiple partial claims up to the guarantee amount, including tracking mechanism
2. Transfer Rights: Provisions regarding whether and how the guarantee may be assigned or transferred to another party
3. Counter-Guarantee References: Details of any counter-guarantee arrangements, including reference numbers and parties
4. Governing Law Application: Specific provisions on how Singapore law applies to the interpretation and enforcement of the guarantee
1. Schedule 1 - Form of Demand: Standard template for making claims under the guarantee, including required declarations and supporting documents
2. Schedule 2 - Underlying Contract Extract: Relevant excerpts from the primary contract being guaranteed
3. Schedule 3 - Authorization Documents: Evidence of authority of bank signatories and any required corporate approvals
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Freely Negotiable Letter Of Credit
A Singapore-law governed bank payment instrument that can be negotiated at any bank, providing secure payment in international trade.
find out more
Time Letter Of Credit
A Singaporean financial document ensuring deferred payment security in international trade under specified terms and conditions.
find out more
Verbiage Letter Of Credit
A Singapore-law governed bank undertaking to pay a beneficiary upon presentation of compliant documents under specified conditions.
find out more
Transferable LC At Sight
A Singapore-governed financial instrument allowing transfer of Letter of Credit rights with immediate payment upon document presentation.
find out more
Straight Letter Of Credit
A non-transferable documentary credit instrument under Singapore law that guarantees payment to a named beneficiary upon presentation of compliant documents.
find out more
Small Business Letter Of Credit
A Singapore-governed banking instrument that guarantees payment from a small business buyer to a seller, subject to specified conditions.
find out more
Secured Letter Of Credit
A Singapore-law governed financial instrument combining letter of credit functionality with security arrangements for enhanced payment protection.
find out more
Red Letter Of Credit
A high-security trade finance instrument under Singapore law, providing enhanced protection for risky international transactions.
find out more
Recourse Letter Of Credit
A Singapore-governed financial instrument allowing banks to maintain reimbursement rights against the applicant in international trade transactions.
find out more
Local Letter Of Credit
A Singapore-governed financial instrument issued by local banks guaranteeing payment for domestic transactions under MAS regulations.
find out more
Line Of Credit Letter
A formal document establishing a revolving credit facility under Singapore banking regulations, outlining credit terms and conditions.
find out more
Non Operative Letter Of Credit
A Singapore-law governed bank document providing payment security in international trade transactions, subject to document compliance.
find out more
Letter Of Credit In Logistics
A Singapore-governed bank guarantee document ensuring payment in international logistics transactions, subject to UCP 600 rules.
find out more
Letter Of Credit 90 Days
A Singapore-law governed financial instrument guaranteeing payment within 90 days for international trade transactions.
find out more
Letter Of Credit 60 Days
A Singapore-law governed bank guarantee for international trade payments, providing 60-day payment terms upon document presentation.
find out more
Letter Of Credit 30 Days
A Singapore-law governed bank guarantee ensuring payment within 30 days of document presentation, following UCP 600 guidelines.
find out more
Irrevocable Confirmed LC At Sight
A Singapore-law governed payment instrument providing dual-bank guarantee for immediate payment upon compliant document presentation in international trade.
find out more
Installment Letter Of Credit
A Singapore-law governed financial instrument that facilitates staged payments in international trade transactions through a structured letter of credit framework.
find out more
Inland Letter Of Credit
A Singapore-compliant banking instrument that guarantees payment for domestic trade transactions under specified conditions.
find out more
Green Letter Of Credit
A Singapore-governed financial instrument combining traditional letter of credit features with environmental sustainability requirements for international trade transactions.
find out more
Import Documentary Letter Of Credit
A bank-issued payment guarantee instrument for international trade transactions, governed by Singapore law and international banking practices.
find out more
Domestic Letter Of Credit
A bank-issued payment guarantee for domestic transactions within Singapore, governed by Singapore law and banking regulations.
find out more
Domestic LC
A Singapore-governed bank guarantee of payment for domestic transactions, regulated by MAS and local banking laws.
find out more
Discrepancy Letter Of Credit
A formal notification document under Singapore law that identifies and communicates discrepancies in Letter of Credit documentation.
find out more
Digital Letter Of Credit
A Singapore-law governed electronic payment guarantee instrument used in international trade, providing secure digital documentation and payment assurance between parties.
find out more
Business Letter Of Credit
A bank-issued payment guarantee document under Singapore law that facilitates secure international trade transactions.
find out more
Beneficiary In Letter Of Credit
A Singapore-law governed document establishing the beneficiary's rights and obligations under a Letter of Credit transaction.
find out more
Authorization Letter To Claim Credit Card Delivery
A Singapore-compliant authorization letter allowing a third party to collect a credit card on behalf of the cardholder.
find out more
Bank To Bank LC
A Singapore-governed agreement between banks establishing terms for handling Letters of Credit, aligned with UCP 600 and local banking regulations.
find out more
Bank Guarantee And Letter Of Credit
A Singapore-law governed banking instrument providing payment security through bank undertaking, subject to specified conditions and local banking regulations.
find out more
Unrestricted Letter Of Credit
A Singapore-governed banking instrument that provides payment guarantee in international trade transactions, subject to document presentation.
find out more
Unconditional Letter Of Credit
A bank-issued payment guarantee under Singapore law, providing irrevocable commitment to pay upon document presentation.
find out more
Transit Letter Of Credit
A Singapore-governed financial instrument securing payment for goods in transit through intermediate destinations.
find out more
Synthetic Letter Of Credit
A Singapore-law governed financial instrument combining traditional letter of credit features with synthetic structures, used in international trade finance.
find out more
Syndicated Letter Of Credit
A Singapore law-governed agreement between multiple banks to share the risk of providing a letter of credit facility, structured under UCP 600 and MAS regulations.
find out more
Structured Letter Of Credit
A sophisticated trade finance instrument under Singapore law combining traditional letter of credit features with structured finance elements.
find out more
Revolving Letter Of Credit
A Singapore-law governed financial instrument that automatically renews for recurring trade transactions.
find out more
Reverse Letter Of Credit
A Singapore-governed financial instrument providing advance payment security in international trade transactions.
find out more
Restricted Letter Of Credit
A Singapore-law governed financial instrument that provides restricted payment assurance in international trade, subject to specific conditions and limitations.
find out more
Outstanding Letter Of Credit
A banking instrument under Singapore law representing unpaid portions of a letter of credit facility, guaranteeing payment in international trade transactions.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)