EximBank takes over reparatory payments for default or faulty fulfillment of a commitment made by a Romanian company to its business partners.
Letters of guarantee may be issued for: participation in tenders, refund of advance payments, performance bonds, warranties and payments.
Romanian companies willing to gain new contracts by participating in international tenders, when they need to submit a tender offer accompanied by a guarantee
Provides bank guarantees for commitments made by Romanian companies participating in tenders, if they:
Provides a bank guarantee for the full or partial refund of advance payments collected in by Romanian companies from their business partners, if the contracted goods or services are not delivered.
Guarantees the observance of contractual obligations made by Romanian companies regarding:
This is a version of the performance bond and covers the contractual obligations of the seller (Romanian company) over the warranty period.
These obligations may refer to:
The object of these letters is to guarantee the buyer’s obligations to pay the contractual price, set as value for goods, works or services.
Provides bank guarantees for commitments made by Romanian companies regarding: