Supply Bond

[355]

Is it possible for a US based manufacturer to obtain supply bond with the obligee being a Korean based company?

[PT]

Originally Posted by 355

Is it possible for a US based manufacturer to obtain supply bond with the obligee being a Korean based company?

I suppose it's possible - however - it will be hard for you to find a Surety to do this. You'll have to look for a company who specifically handles international surety. Unfortunately, none of our surety companies do international.

[355]

Thanks

[marietta68]

Your question needs a bit of clarification; there's a difference between Korean-based and Korean-domiciled. In this case, your surety wants to know the location of the work to be performed or the location of goods to be delivered. Equally important is whether it's North or South Korea. All things considered, a qualified principal will be able to find a bond company who'll be able to write a bond in favor of a SOUTH Korean obligee...but it won't be cheap!