Translation sample


Business Contract:

Source language:






Target language:


The function of the letter of guarantee and the condition for the letter of guarantee being cashed:


• In order to guarantee that Party B receives the proper payment for goods in time, Party A applies for a letter of guarantee from the bank with Party B as the beneficiary. This irrevocable letter of guarantee must have a total sum of 3 million dollars and one year validity. The letter of guarantee must include the following contents: The letter of guarantee comes into effect once issued; Party B will request the bank to pay the sum unconditionally if the sum of due payment from Party A reaches the total sum in the letter of guarantee, namely 3 million dollars, and is not paid after three times pressing for payment in writing; Party B must submit to the bank the following documents while requesting the bank to cash the letter of guarantee: