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Suretyship

Credit Insurance

  1. Productive Credit Insurance
  2. Consumptive Credit Insurance

Surety

  1. Suretyship
  2. Non-Cash Credit Guarantee
Suretyship

Written agreement between the insurance company (Surety) and Principal to guarantee the interests of the project owner (Obligee), that the employee (Principal) will fulfill its obligations in accordance with the principal agreement (contract) made between the Principal and Obligee.

Types of Suretyship Products:

a. Surety Bond

  1. Bid Bond (BB)
  2. Performance Bond/PB
  3. Advance Payment Bond/APB
  4. Maintenance Bond (MB)
  5. Balance of Objection to Appeal (SB)
  6. Guaranteed Payment of Remaining Budget/SP2D/Progress Payment
  7. Work Progress Guarantee
  8. Custom Bonds
    • Ease of Import for Export Purposes (KITE)
    • Bonded Zone (KB)
    • Customs Services Management Company (PPJK)
    • Temporary Import (OB-23)
    • Vooruitslag
    • Tariff Stipulation Letter and Customs Value (SPTNP)/ Correction Note from Customs (Notul)
    • Temporary Storage Place (TPS)
    • Further Transport
    • Deposit Service Company (PJT)
  9. Excise Bond
  10. Payment Bond

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