Guarantee Delivery Method refers to the specific channel through which a bank guarantee or standby letter of credit is transmitted from the issuing bank to the beneficiary (usually an exporter or contractor) in international trade. Common methods include: SWIFT MT760 (electronic issuance), mail issuance (sending the original by post), courier (DHL/FedEx), and electronic presentation platforms (such as eUCP). It is commonly used in bid bonds, performance bonds, advance payment guarantees, etc. Notes: For electronically issued guarantees, the SWIFT message type and authentication key must be confirmed; for mail-issued guarantees, the authenticity of signatures must be verified. Different delivery methods affect the effective time, cost, and risk. The difference from 'Guarantee Issuance Method' is that issuance method emphasizes the form in which the guarantee itself is produced (electronic or mail), while delivery method focuses on the transmission process. The difference from 'Guarantee Notification Method' is that notification method refers to the bank's act of notifying the beneficiary, while delivery method covers the entire physical or electronic transmission process. When choosing, contract requirements, urgency, and bank practice must be considered.
📝 Examples
1. According to the contract, the delivery method for the performance guarantee shall be SWIFT MT760 electronic issuance. Please send it immediately after issuance through the Society for Worldwide Interbank Financial Telecommunication system to our account bank. (Note: The electronic delivery method requires speed and security and is often used for large-value transactions.)
2. As the project bid deadline is approaching, we require the bid bond to be delivered by courier. Please send the original guarantee by DHL to the address designated by the tendering party and keep the courier tracking number for reference. (Note: The courier delivery method is suitable for scenarios requiring the paper original and with controllable timing.)
💡 Foreign Trade Tips
Foreign trade terms are the foundation of international business communication
Trade practices may vary slightly by country; pay attention when using them
When using terms in contracts, specify the applicable version (e.g., Incoterms 2020)
For unfamiliar terms, use GlobalSync's multilingual email helper to confirm with your partner