Bank Guarantee in Logistics
Quelle: https://wirtschaftslexikon.gabler.de/definition/bankbuergschaft-43060
TL;DR
In logistics, a bank guarantee is a contractual commitment by a bank to secure payment obligations of a logistics provider to a beneficiary (e.g. customs authorities, carriers, or warehouse operators) in the event the principal fails to fulfill its contractual or financial duties. It is commonly used to cover customs duties, port charges, storage fees, or penalties in the supply …
In logistics, a bank guarantee is a contractual commitment by a bank to secure payment obligations of a logistics provider to a beneficiary (e.g. customs authorities, carriers, or warehouse operators) in the event the principal fails to fulfill its contractual or financial duties. It is commonly used to cover customs duties, port charges, storage fees, or penalties in the supply chain.
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