{"@context":"https://schema.org","@type":"DefinedTerm","name":"Bank Guarantee in Logistics","description":"Bank guarantees in logistics secure payment obligations owed to customs authorities, port operators, warehouse providers, or carriers. The issuing bank commits to paying a predetermined amount to the beneficiary if the logistics service provider fails to fulfil its duties – covering customs duties, port charges, storage fees, or contractual penalties. Without such a guarantee, service providers are often denied access to port infrastructure or regulatory procedures, making it both a security ins","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/bank-guarantee-in-logistics","inLanguage":"en","dateModified":"2026-06-16T05:27:46.562006","citation":"https://wirtschaftslexikon.gabler.de/definition/bankbuergschaft-43060","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/bank-guarantee-in-logistics","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Bank Guarantee in Logistics · Bank guarantees in logistics secure payment obligations owed to customs authorities, port operators, warehouse providers, or carriers. · Quelle: https://wirtschaftslexikon.gabler.de/definition/bankbuergschaft-43060"}