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Offshore Products – Technical & General Guarantee Company S.A.

Performance Bonds
Performance Bonds in contracts are commonplace. The company that can offer bonds when required has an advantage over its competitors. Obtaining Performance Bonds and guarantees from traditional sources is sometimes difficult. Technical & General Guarantee Company understands these problems and makes the issuing of bonds and guarantees as simple as possible.

Advanced Payment Guarantee
In a wide range of supply contracts where an advance payment is being made, the client requires an Advance Payment Guarantee. The provision of this guarantee normally results in the supplier being unable to have access to the advance cash received. Technical & General Guarantee Company have developed an innovative scheme whereby this cash is made available for purchases for the contract without undue complications.

Commercial Performance Guarantee
Within its usual credit criteria Technical & General Guarantee Company is, using collateral support, able to assist in any legitimate financial transaction, in most places throughout the world, provided the guarantee is required for items other than the raising of capital.

Rent Guarantee
Some companies experience difficulties in securing a lease on business premises. The answer is often a Rent Guarantee. Technical & General Guarantee Company is experienced in the preparation and issue of such guarantees, helping companies overcome this often traumatic problem.

Trade Credit Guarantee – The power of time in commerce
Trade Credit Guarantees can provide additional security and negotiating strength to assist a company which is obtaining goods or services from suppliers on credit. Trade Credit Guarantees allow credit to be extended either by amount or by credit period, thus reducing the normal cash flow strains experienced during start-ups or periods of growth.

THE ADVANTAGES

Control of cash flow can be a major part of any business and is crucial at the time of start-up or expansion. To avoid costly overdrafts or factoring at these times, most companies need to negotiate credit terms with suppliers to extend or increase existing terms.
Trade Credit Guarantees offer the fast-track route, avoiding the cash flow labyrinth and allowing the time needed to keep cash flow under control.
The security provided to a supplier by a Trade Credit Guarantee makes agreements for credit faster and easier.
Avoid long negotiations with banks over costly and restrictive overdrafts, Trade Credit Guarantee adds the power of time in commerce.
- Avoid costly factoring
- Enhance your image to suppliers
- Wider choice of suppliers
- More flexible credits