20/11/2013
Al Maha Petroleum Products Marketing Co. SAOG
P.O. Box 57, Mina Al Fahal
Postal Code: 116
Sultanate of Oman
Our Reference : Payment Guarantee No. 13/PAY/163935
Amount : USD 30,000.000
Validity : From 1/12/2013 to 30/11/2015
Applicant : M/S Petron Gulf LLC
P.O. Box 1297, Al Athaiba
Postal Code: 130
Sultanate of Oman
Sub: Supply of Fuel.
At the request of M/s. Petron Gulf LLC., P.O. Box 1297, Al Athaiba, Postal Code: 130, Sultanate of Oman, we Bank Muscat SAOG, P.O. Box 134, Ruwi 112, Sultanate of Oman here by undertake to pay to you on first written demand the sum of OMR. 30,000.000 (Omani Rials Thirty Thousand only) in respect for the above subject.
This guarantee shall be valid from 1/12/2013 to 30/11/2015.
Any claim made under this Guarantee should be received by the Bank in writing accompanied by the original of this guarantee together with amendments if any and must be presented at the counters of Bank Muscat SAAOG., Head Office, Global trade Services Department, P.O. Box 134, Ruwi-112, Sultanate of Oman on or before 30/11/2015. If no claim has been received by us by 30/11/2015, all your rights under this guarantee will cease whether the original Guarantee is returned to us or not.
This bond should be returned to us upon its expiry or upon fulfillment of our undertaking whichever is the earliest.
The Bank shall be released in relation to the beneficiary if a demand from the beneficiary for payment does not reach us within the validity period of the letter of guarantee, unless it is expressly agreed prior to the coming to an end of such period that the same is to be renewed.
For Bank Muscat SAOG
AUTHORISED SIGNATORIES.