Bid/Tender Guarantee. Issued in support of an exporter's bid to supply goods or services and, if successful, ensures compensation in the event that the contract is not signed. Performance Guarantee. Issued as an undertaking to pay a certain sum to the buyer if the exporter fails to carry out the terms of the contract. Advance Payment Guarantee.

Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as a) Letter of Credit (L/C) b) laissezfaire c) inflation d) None of the above Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as