Guarantee Original

Guarantee Original refers to the original paper or electronic original document of a guarantee issued by a bank or guarantor, which has legal effect and is a key instrument for the beneficiary to claim or assert rights. In foreign trade, guarantees are often used in bid guarantees, performance guarantees, advance payment guarantees, etc. The original usually needs to be transmitted through the bank's SWIFT system or courier, and the beneficiary should verify its authenticity, validity period, and terms upon receipt. Notes: The original is different from the copy; the copy is for reference only and cannot be used for claims; loss of the original may require reporting loss or reissuance, which is a complicated process; the original of an electronically issued guarantee (such as MT760) may be electronic, and it is necessary to confirm whether the issuing bank accepts electronic originals. Compared with the 'guarantee copy', the original is unique and enforceable; compared with the 'guarantee amendment', the original is the initial issuance document, and the amendment is a change to its terms. Foreign trade practitioners should properly keep the original and submit the original and supporting documents as required by the guarantee when claiming.