If bid, advance payment and performance bonds are required for your contracts in the Arab World, BACB can offer its expertise in these products. With established formats and experience of local requirements, we can help you avoid possible rejection of bonds with the additional time, cost and potential contract failure that this can entail. Integrating these instruments with any subsequent L/C helps avoid the mismatch of terms that can lead to additional costs or delays in payment.
The bank is able to issue all types of bonds from facility, trading to salvage and ship bail bonds. Our name is acceptable to Lloyd's of London, helping to reduce costs for insurance company clients.
Letters of Credit (Issuance), Bonds and Guarantees
Tel: +44 20 7648 7777
Fax: +44 20 7648 7799
BACB Representative Offices
Representative: Lamri Haltalli
Telephone: +213 21 691 961
Fax: +213 21 692 007
Representative: Abdulhadi Arebi Giuma
Telephone: +218 21 335 1489
Fax: +218 21 335 1732