Performance Bonds

In international trade, it is common for an overseas buyer to require their supplier to provide bonds (or guarantees) as a condition of a contract.  

Performance Bonds is also often a prerequisite for contractors and subcontractors providing goods or services to domestic export-related contracts.
 
Platinum Wealth Trade Finance can assist in circumstances where a bank is unable or unwilling to provide a performance bond, or it requires security that an exporter or company is unable to provide.  We can either issue bonds directly or provide a guarantee to a bank issuing a bond.  
 
Types of bonds that we can provide include:

Advance payment bonds: 

An advance payment bond provides the buyer with security for their advance payment under an export contract.

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Performance bonds: 

Give the buyer of a product or service assurance that if the company does not perform its obligations under the export contract, the buyer can call on the bond to reduce its losses.

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Warranty bonds: 

Protects a buyer from loss if the goods or services provided do not meet the contractual warranty obligations after the contract is completed.