Whereas M/s. Petron Gulf LLC, P.O. Box: 1297, Al Athaiba, P.C. 130, Sultanate of Oman, (hereinafter called the Contractor) has been awarded a contract dated 19TH December 2013, for Supply, Installation and Commissioning of Electro Chlorination plant for Second Seawater intake Pumping Station (SWIPS II) at Sohar Industrial Port Area “for the value of OMR. 2,541,026.000 (Omani Rials Two Million Five Hundred Forty One Thousand Twenty Six Only), and in consideration of your making an advance payment of OMR 254,102.600 (Omani Rials Two Hundred Fifty Four Thousand One Hundred Two and Baizas Six Hundred Only) to the Contractor being 10% of the contract value, by this bond, we Bank Muscat S.A.O.G., whose address is P.O. Box 134, Ruwi, Sultanate of Oman guarantee to pay you a sum not exceeding OMR 254,102.600 (Omani Rials Two Hundred Fifty Four Thousand One Hundred Two and Baizas Six Hundred Only) on your first written demand without any reference to our contestation on behalf of the M/s. Petron Gulf LLC., P. O. Box: 1297, Al Athaiba P.C. 130, Sultanate of Oman.