Necessary documents for obtaining Central Bank of Islamic Republic of Iran authorization:
1- Competency confirmation of applicant about ability on performing contract or tender subject from relative ministry.
2- Completion of specification form of requested L/G in company’s letterhead with signature and company’s authorized stamp (signature verifying is necessary).
3- Providing copy of tender documents ( about tender guarantees ) and contract or advising copy of reffering job- sections related to contract specifications and form of payments ( about performance bond and advance payment guarantees ) in two copies .
4- Providing copies of company’s article of association and the latest changes of board members, authorized signatures and company’s capital in country’s official journal.
5- Credit committee confirmation of Bank Saderat’s Management Credit and Investment Affairs after getting central bank’s authorization.
6- Providing letter of undertaking by applicant stating that if payment amount of L/G to beneficiary comes in to question, exporter will be obliged to provide L/G amount.
7- Amount of securities will be specified according to provisions of L/G issuing by- law and endorsement by banks and according to company’s abilities and bank’s recognition.
8- Annually commisions rate in BSI for issuing L/Gs for exporting goods, based on mentioned tariff, for tender guarantees will be 1/75 percent and in other cases 2/25 percent .
9- In case of issuing L/G by Correspondence, their commision (IR.R equivalent ) are on applicant’s account .