Suretyship Insurance

Insured events:

• Withdrawal of the Insured's offer during the period of its validity specified in the tender conditions;
• Avoidance or refusal of the Policyholder to sign the contract in accordance with the tender conditions and instructions to the tender participants, when the Beneficiary accepts the Policyholder's offer during the period of its validity specified in the tender conditions;
• Avoidance or refusal of the Policyholder to submit a performance guarantee letter or a bank guarantee in accordance with the tender conditions, when the Beneficiary accepts the Policyholder's offer during the period of its validity specified in the tender conditions;
• The Policyholder's disagreement with the adjustment of the offer price according to the tender conditions, when the Beneficiary accepts the Policyholder's offer during the period of its validity specified in the tender conditions.

Insured events:

• Non-compliance of the works performed or services provided by the Insured, delivered goods with the requirements specified in the Contract;
• Violation of the terms of performance of obligations established in the Policyholder's contract and secured by the insurance contract, except for the cases when these terms were violated not due to the fault of the Policyholder;
• Unlawful refusal to continue to perform contractual obligations secured by an insurance contract.

Insured events:

• In the case of prepayment guarantee insurance, the insured event is considered to be the basis of the contract for the advance payment paid to the Policyholder and not returned to the Beneficiary due to the fact that it was not used for the purpose provided for in the contract.

Insured events:

• In the case of warranty period suretyship insurance, the insured event is the non-performance of the obligations of the Policyholder during the warranty period provided for in the contract.