Our solutions - bonds
It is common for an overseas buyer to require a bond (or guarantee) as part of an export contract.
Bonding is also often a prerequisite for Australian subcontractors providing goods or services to domestic export-related contracts.
The types of bonds that we can provide are:
- Advance payment bonds that provide your client’s buyer with security for their advance payment under an export contract
- Performance bonds that give the buyer of your client’s product or service assurance that if your client doesn’t meet their obligations under a contract, the buyer can call on the bond to reduce its losses.
- Warranty bonds that protect your client’s buyer from loss if your client’s product or service doesn’t meet the contractual warranty obligations after the contract is completed.
- US Surety bonds that allow your client to meet its US bonding requirement, and compete more effectively, by supplying a surety bond from our registered US surety bond issuer, Liberty Mutual Insurance.