Warranty period: the warrantee and the beneficiary agreed upon discussion, in principle, it will be 10 days after the agreed time returning to China in the exit contract. Our bank requires the period to be no less than 30 days, no more than 180 days.
Warranty handling fee: RMB 20 per warranty.
Warranty amount and currency: the warrantee and the beneficiary shall discuss and confirm the warranty amount and currency, the client needs to deposit 100% of security (margin), according to which our bank will issue the warranty.
Warranty documents: there will be a triple-style: the first part is the original provided to the beneficiary, based on which the beneficiary can perform or terminate contract, asking for re-issuance and other operations; the second part will be kept at the bank; and the third part will be kept by the client for presenting the embassy and other organizations, which cannot claim loss, or used to perform contract etc. |