
12-03-2007, 03:53 PM
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| Surety Professional | | Join Date: Oct 2007
Posts: 558
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International Bonding Quote: | Originally Posted by marietta68 It's called an "advance payment bond", but surety bonds are used far less frequently in European countries - the usual security instrument is a letter of credit. The country of obligation is very pertinent in this situation. You'll have difficulty accessing an international market for a one shot deal - and if you have never been bonded before, it'll be next to impossible to get this underwritten. Zurich, AIG, Travelers, Liberty Mutual, Chubb are some of the surety companies which are capable of writing surety overseas for qualified clients. |
Marietta68 - Thanks very much for this good information. |