Equipment warranty bond

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Equipment warranty bond


Within 5 days before signing the Acceptance protocol the Seller will send Buyer an equipment warranty bond in form of an irrevocable bank guarantee. The bank guarantee has amount of 5% of total amount of sales contract and made by a reputable Chinese bank accepted by Buyer. The validity of the bank guarantee is from the issuing date till the end of equipment warranty period.
这段话什么意思
在签署确认协议书之前的5天内,卖方将设备质量保证书通过以不可撤销的银行保函形式出具给买方。该银行保函需按总的销售合同金额的5%开立,并且需由买方所接受并确认的一家享有声誉的中国银行开具。该银行保函的有效期为自开立之日起直到设备质量保证期的最后期限止。

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