法律英语|工程履约保函(英)

PERFORMANCE GUARANTEE FORMAT¹

Date:

To:

Dear Sirs,

PERFORMANCE GUARANTEE FOR ConTRACT NO:

TITLE:

________

That in consideration of entering into a contract for the Construction, Commissioning and Handover of Field Surface Facilities. dated________ day-of________ ________with________ hereinafter referred to as CONTRACTOR^{2 'We, ________a company incorporated under the laws of ________with a principal business address at________ do hereby enter into the following undertakings3 with NPOG:}

Guarantee full and complete performance of all obligations of ConTRACTOR under the said ConTRACT and all change orders thereunder and amendments^{4 thereof which may subsequently be duly executed by CONTRACTOR.}

Should ConTRACTOR in any respect fail to perform the said obligations contained in the said ConTRACT or commits any breach^{5 thereof, we as GUARANTOR shall ourselves perform or take whatever steps as may be necessary to achieve performance of the obligations thereof, in accordance with terms of the said ConTRACT and the GUARANTOR shall assume any loss, damages, cosplayts and expenses arising from the said failure or breach for which ConTRACTOR may be made available thereunder;}

MUGLAD BASIN OIL DEVELOPMENT PROJEDT

ELELD SURFACE FACILITIES

ConTRACT NO: NPOG/30/98-163

we the GUARANTOR shall not be discharged or released from our undertakings hereunder by any waiver or forbearance by NPOG whether as to payment, time, performance, or otherwise.

In the event and for the duration that the GUARANTOR assumes the obligations of ConTRACTOR under the said ConTRACT above, the GUARANTOR shall be entitled to all of the rights and benefits to which ConTRACTOR is entitled under CONTRACT.

For the purpose of this Guarantee and the said CONTRACT, the ConTRACTOR does hereby agree to submit to the exclusive jurisdiction^{6 of the British Courts.}

This Guarantee shall inure^{7 to the benefit of NPOG and its successors and assigns, and shall be binding8 upon the GUARANTOR and its successors and assigns.}

This guarantee shall be effective as of the________ day of ____________199_____.

IN WITNESS WHEReOF, THE GUARANTOR has caused this Guarantee to be duly executed by its authorized^{9 representative on this ____________day of ____________199____________.}

For and on behalf:

____________

signature: ____________

name:

designation:

WITNESS

Signature: ____________

Name: ____________

Designation: ____________

Date: ____________