, the undersigned Joint stock Commercial Bank for Investment and Development of Vietnam - Nghe An Branch (Guarantor), in order to enable IFB: 06/2016/KFW2/Package NPC-KFW2-110-G04 to bid for Package NPC-KFW2-110-G04: Procurement and transportation of steel towers for: Branch to 110kV Go Trau s/s; 110kV Bac A T/L; Branch to 110kV Nguyen Giap; 110kV Ninh Binh – Phu Ly T/L; 110kV Song Chung – Song Chay T/L; 110kV Seo Chong Ho – Nam Toong – Su Pan T/L; Branch to 110kV Que Vo 3 s/s; 110kV Tan Quang T/L, hereby irrevocably and independently guarantee to pay to you an amount up to a total of EUR 48,800 (In words: EUR forty eight thousand and eight hunderd) waiving all objections and defenses.We shall effect payments under this guarantee on your first written demand, which must be accompanied by your confirmation that you have accepted the above-mentioned bid and that the firm EUR 48,800 (In words: EUR forty eight thousand and eight hunderd) is no longer prepared to abibe by this bid.This guarantee shall expire no later than 178 days from 9h00 a.m, August 10, 2016By this date we must have received any claims for payment by letter or encoded telecommunication.It is understood that you will return this guarantee to us expiry or after payment of the total amount to be claimed hereunder.
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