By customs guarantees, the Bank guarantees to the Montenegrin Customs Administration for regular settlement of obligations under excise duties, taxes, customs debt and other levies by the Banks client, depending on the customs process. These guarantees may be used as security for the payment of some services goods warehousing, goods transit, active and passive improvement of goods.
Customs guarantee may be issued as collective or individual. Collective guarantee is issued for one-year period and refers to the total value of goods for a given period, while individual one may be used only for one, particular import transaction.
The product is intended for all legal entities whose operations include import of goods, either as their basic or supporting activity.