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What Is A Letter Of Guarantee?

2010/4/22 15:33:00 19

Letter Of Guarantee: What Is A Letter Of Guarantee?


保函(L/G):  


A written credit guarantee document opened to third party beneficiaries by banks, insurance companies, Guarantee Corporation and individuals at the request of the applicant, and the guarantor shall be liable for the debts of the applicant or the obligations to be performed.

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What Is The Principle Of National Treatment For GATT?

The principle of national treatment of GATT means that one party member guarantees the equal treatment of citizens, enterprises and ships of the contracting party to its citizens, enterprises and ships within its own territory. The principle of national treatment in GATT is mainly applicable to the equal treatment of imported goods from abroad and domestic taxes or domestic charges directly or indirectly imposed on domestic products.