In international trade, it's common for an overseas buyer to
require their supplier to provide one or more bonds (also known
as guarantees). As a result, the ability to provide bonds to a
buyer means you can compete more effectively for contracts in
the global market.  If your bank can't help you with a bond, or
they require an amount of security that you can't provide, EFIC
may be able to assist. A bond from EFIC can help you meet your
export contract requirements without tying up all your working
capital.  Bonds often requested by overseas buyers include: 
Advance payment bonds  At the start of an export contract, your
overseas buyer may agree to make an upfront payment to you in
advance of receiving delivery of your goods or services. While
this provides you with cash to finance the export contract, your
buyer may need assurance that their upfront payment will be
returned if you don't complete the contract. An advance payment
bond provides your buyer with security for their advance
payment.  Performance b