Warranty solutions for businesses at SeABank

In current economic and commercial contracts, ensuring the quality of goods is a key factor determining the success of cooperative relationships between businesses. For complex and high-risk contracts, adding warranty conditions helps minimize damage and ensure safety for both parties. So what is a warranty guarantee, what is its role and benefits? Let's learn more with SeABank through the article below.

Warranty guarantee is a key clause in major contracts

What is a warranty guarantee?

A warranty guarantee is a service in which the bank (guarantor) will commit in writing to the beneficiary to ensure that the beneficiary will properly and fully perform the agreements related to product quality and warranty obligations under the contract signed with the beneficiary.

Outstanding benefits of warranty guarantees in transactions

• To clearly see the importance of warranty guarantees in transactions, let's explore the practical benefits that this form of guarantee brings:
• Protecting customer rights: Customers or warranty recipients will be guaranteed that they will receive necessary warranty or repair services if the product or service has a problem, even if the supplier fails to fulfill its commitment.
• Create a competitive advantage: Businesses with warranty guarantees can differentiate themselves from competitors, because customers often feel more secure knowing that there is a guarantee from a third party
• Enhance professionalism: Having a warranty guarantee not only demonstrates professionalism and high commitment from the supplier or manufacturer, but also contributes to building prestige and trust in the eyes of customers and partners.

Things to know when performing warranty guarantees at SeABank

When participating in a transaction, choosing a reputable bank to perform warranty guarantees is an important factor that helps speed up the cooperation process between the parties.

At SeABank, warranty guarantee services are simply understood as follows: If the customer (the guaranteed party) violates the commitments on product quality and must compensate the guaranteed party but does not perform or does not perform fully, SeABank will perform that obligation on behalf of the customer.

Below is the information that businesses need to know when implementing warranty guarantees at SeABank.

General information about warranty guarantees at SeABank.

Some general information when you use warranty guarantees at SeABank is as follows:

Features:
Flexible collateral, low deposit ratio: You can use a variety of collateral assets with lower deposit requirements, creating favorable conditions for implementing warranty guarantees.
Convenient banking services, quick support: SeABank provides convenient banking services, making the warranty guarantee process quick and easy.
Competitive guarantee fees: SeABank commits to attractive and competitive warranty guarantee fees in the market, helping you save costs during the transaction process.
Subjects: Individuals or legal entities who are residents or non-residents and have a need for a guarantee.
Conditions for performing warranty guarantee at SeABank:
Customer has the ability to perform warranty obligations: Customer must be able to perform warranty or repair products or have financial capacity to ensure performance of warranty obligations
Contract is still valid: Contract with the Guarantee Recipient is in effect or warranty obligation is still valid.
Product/service has been accepted: Product/service must be handed over/accepted by the Guarantee Recipient in accordance with the contract provisions.

Documents and procedures when implementing warranty guarantees at SeABank.

To help you understand the documents and procedures for implementing warranty guarantees at SeABank, below is the detailed information you need to know.

Documents for implementing warranty guarantees include:

Request for issuance of guarantee.

Economic contract, acceptance report.

Other documents as required.

Procedure for implementing warranty guarantees at SeABank.

Step 1: Customers contact the nearest SeABank or call the Hotline for instructions on documents.

Step 2: The bank receives customer documents and appraises them.

Step 3: Sign the contract, collect the guarantee fee.

Step 4: Print the warranty guarantee letter and send it to the Enterprise.

The above is the information that SeABank has answered the question "What is warranty guarantee". This is the optimal Trade Finance & Guarantee solution that helps businesses feel more secure in the transaction process and ensures the interests of all parties. Coming to SeABank, you will be consulted by a professional team, a simple and quick procedure system to help businesses optimize all resources.

To learn more about warranty guarantee services, please visit the website: seabank.com.vn or contact Hotline: 1900.599.952 (KHDN).