Article 374. Submission of requirements for bank guarantees.

1. The requirement of the beneficiary to pay the sum of money under the bank guarantee must be presented to the guarantor in writing with the documents specified in the guarantee attached. In the request or in the annex to it, the beneficiary must indicate what the principal’s violation is of the principal obligation, in support of which the guarantee was issued. 2. The request of the beneficiary must be submitted to the guarantor before the expiry of the period specified in the guarantee for which it was issued.

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References to other articles of chapter 23. Ensuring the fulfillment of obligations:
Article 329. Ways to ensure the fulfillment of obligations.
Article 330. The concept of a penalty.
Article 331. The form of the agreement on the penalty.
Article 332. Legal Penalty.
Article 333. Reduction of the penalty.
Article 334. The concept and grounds for the emergence of pledge.
Article 335. Pledger.

Article 361. Contract of Guarantee.
Article 362. The form of a contract of guarantee.
Article 363. The responsibility of the guarantor.
Article 364. The right of the guarantor to object to the creditor’s claim.
Article 365. Rights of the guarantor who has fulfilled the obligation.
Article 366. Notification of the surety about the performance of the obligation by the debtor.
Article 367. Termination of a guarantee.
Article 368. The concept of a bank guarantee.
Article 369. Providing a bank guarantee of the obligation of the principal.
Article 370. Independence of a bank guarantee from the principal obligation.
Article 371. Irrevocability of a bank guarantee.
Article 372. Non-transferability of rights under a bank guarantee.
Article 373. Entry into force of a bank guarantee.
Article 375. Obligations of the guarantor when considering the requirements of the beneficiary.
Article 376. Refusal of the guarantor to satisfy the requirement of the beneficiary.
Article 377. Limits of the obligation of the guarantor.
Article 378. Termination of a bank guarantee.
Article 379. Regressive requirements of the guarantor to the principal.
Article 380. The concept of the deposit. The form of the agreement on the deposit.
Article 381. Consequences of the termination and non-performance of the obligation secured by a deposit.
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