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A parent company guarantee (PCG) is a guarantee by a parent company of a contractor’s performance under its contract with its client, where the contractor is a subsidiary of the parent company. [1] It is mandatory for all the companies to mention about the guarantees granted as a note in their accounts because it is a risk for the company.
Basic GIS concept. A geographic information system (GIS) consists of integrated computer hardware and software that store, manage, analyze, edit, output, and visualize geographic data.
Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.
Geospatial Information Agency (Indonesian: Badan Informasi Geospasial, abbreviation: BIG) is the national mapping agency of Indonesia.BIG was formerly named National Coordinator for Survey and Mapping Agency (Indonesian: Badan Koordinasi Survei dan Pemetaan Nasional, abbreviation: Bakosurtanal).
A personal guarantee, by contrast, is often used to refer to a promise made by an individual which is supported by, or assured through, the word of the individual. In the same way, a guarantee produces a legal effect wherein one party affirms the promise of another (usually to pay) by promising to themselves pay if default occurs.
The demand guarantee bridges the "gap of distrust" that exists between the parties. When the bank issues the demand guarantee, the beneficiary deals with a party whose financial strength he can trust and a party which would pay upon first demand regardless of an existing dispute between the parties on the performance of the underlying contract. [5]
The column letters use a more restricted alphabet, going from A to Z but omitting D, E, I, M, N, O, V, W; the columns are arranged so that the rightmost column in grid zone A and Y has column letter Z, and the next column in grid zone B or Z starts over with column letter A. The row letters go from A to Z, omitting I and O.
Participatory Guarantee Systems are also referred to as "participatory certification". [3] The International Federation of Organic Agriculture Movements (IFOAM) and the organic movement remain a leader [4] in the concept of PGS at the international level. IFOAM is running a program to recognize PGS in the organic sector.