Guarantee Copy

A Guarantee Copy refers to a non-original copy of a guarantee document such as a bank guarantee or standby letter of credit, provided to the applicant or relevant parties for internal records, filing, or preliminary review after the original is issued. In foreign trade, the original guarantee is typically sent directly to the beneficiary (e.g., overseas buyer or owner), while the copy is given to the applicant (e.g., domestic exporter or contractor) for retention, so they can understand the guarantee terms, verify content, or apply to the bank for amendments. When using a Guarantee Copy, note: it has no legal effect and cannot be used for claims or amendments; if the beneficiary receives only a copy, they should promptly request the original from the issuing bank or applicant. Compared to the 'Original Guarantee,' the copy is for reference only and not for drawing funds; unlike a 'photocopy of the guarantee,' the copy is usually stamped 'Copy' or marked 'Copy' by the bank, making it traceable. Foreign trade practitioners should ensure the copy matches the original to avoid misunderstandings or disputes due to version differences.