Advance Payment Guarantee Service. Request A Quote.
Advance Payment Guarantee (APG)
- * EPC and construction contractors
- * Equipment and machinery suppliers
- * Framework and call off suppliers
- * SMEs that need repeat bonding capacity
- * Contract grants 10 to 30 percent advance
- * Buyer demands on-demand wording and bank issue
- * Expiry linked to shipment, commissioning, or first article
- * Reductions against milestones or invoices
- * On-demand bank guarantees under URDG 758
- * Standby LCs under ISP98 where allowed
- * Local issuance or A rated confirming bank
- * Fast amendments, extensions, and cancellations
APG structure at a glance
Item | Market practice | What we control |
---|---|---|
Amount | Equal to the advance, often 10 to 30 percent of contract sum | Figures and words match, currency stated |
Expiry | Until delivery, commissioning, or as per milestone plan | Dates mirror contract and claim window |
Reduction | Step down as invoices are certified or goods delivered | Amendments issued on evidence agreed upfront |
Rules | URDG 758 for guarantees or ISP98 for standby LCs | Wording mirrors annex, clean on-demand trigger |
Delivery | Original paper or MT760 for SBLC | Courier, portal upload, or Swift as required |
What clears credit
- * Corporate counter indemnity signed by the applicant
- * Board resolution and specimen signatures
- * Parent support where balance sheet is thin
- * Cash margin or back to back SBLC
- * Charge over deposits or escrow control
- * Link to performance bond and contract proceeds
- * Beneficiary data exactly as in the contract
- * No performance conditions in an APG text
- * Claim address and documents kept simple
What we need to issue
- * Contract pages with advance clause and annex wording
- * Beneficiary name, address, reference, and delivery mode
- * Amount, currency, expiry, and reduction plan
- * KYC pack, incorporation, tax, and licenses
- * Last 12 months bank statements or auditeds
- * Track record and live pipeline summary
- * Counter indemnity signed
- * Margin or SBLC received and confirmed
- * Fees settled before issuance
Typical terms
Up to the advance amount. Valid through delivery or defined milestones, with a claim period if required. Extensions available on request.
Issuance fee plus a time based guarantee commission. Amendment or extension fees apply. Courier or portal fees where originals or e bonds are needed.
Original paper with wet signature and seal, or MT760 for standby LCs. e Guarantee where the portal accepts it.
Process to draft and issue
We mirror the required annex text and validate beneficiary data. Quick pass or fix list.
KYC, counter indemnity, margin or back to back SBLC, fees, and delivery mode agreed.
Issuer releases draft for your check. We match every line to the contract. Written sign off required.
Original issued and couriered, portal upload completed, or MT760 sent. Amendments handled on request.
We manage step downs against certified invoices or delivery proofs, then cancel on completion.
Advance Payment Guarantee FAQ
A bank undertaking to refund the buyer’s advance on first demand if the supplier fails to perform as per contract.
Is a standby LC acceptableYes where the contract allows a bank guarantee or a standby LC. We issue under ISP98 for clean drawing.
How fast can you issueDraft same day after KYC. Issue once counter indemnity, collateral, and fees are in place.
No. There is always margin, a back to back SBLC, or equivalent security. If someone says otherwise, they will not deliver.
Can the APG be reduced over timeYes where the contract permits step downs. We amend on evidence set in the contract or annex.
What happens on claimIssuer pays if the claim meets the wording. Your counter indemnity is called and margin is applied. Avoid claims by matching milestones to reality.
Send the annex wording. Get an APG draft today.
Share the contract pages, beneficiary details, amount, expiry, and delivery mode. We will respond with terms, draft wording, and a clear checklist to issue on time.
Request Advance Payment GuaranteeWe act as an arranger on a best efforts basis through regulated partners. Eligibility depends on KYC and AML, sanctions screening, legal review of wording, and approval by capital partners. Nothing here is a commitment to issue.
Get Started With Us
Submit Your Deal & Receive a Proposal Within 1-3 Working Days
Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.
All submissions are
promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.
Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.
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