When it comes to guarantee, we promise a guarantee beneficiary to pay the full amount of the guarantee at the first request of the beneficiary.
This is only if the obligation guaranteed is not fulfilled. Normally, the beneficiary does not have to prove a breach of the guaranteed obligation. The objective of the guarantee is to provide the beneficiary with a sense of security and offer prompt financial compensation.
Benefits of guarantee:
- helps to reduce the risks arising from a contract;
- allows getting financial compensation promptly and easily;
- helps to prevent risks of (advance) payment;
- suitable for dispersion of various risks.
We issue domestic guarantees in accordance with Estonian law.