A bank guarantee might be used when a buyer obtains goods from a seller then runs into cash flow difficulties and can't pay the seller. The bank guarantee would pay an agreed-upon sum to the seller. Similarly, if the supplier was unable to provide the goods, the bank would then pay the purchaser the agreed-upon sum. bank guarantee, like a line of credit, guarantees a sum of money to a beneficiary. Unlike a line of credit, the sum is only paid if the opposing party does not fulfill the stipulated obligations under the contract.
Various sects of Jews settled in caves overlooking the Dead Sea. The best known of these are the Essenes of Qumran, who left an extensive library known as the Dead Sea Scrolls. The town of Ein Gedi, mentioned many times in the Mishna, produced persimmon for the temple's fragrance and for export, using a secret recipe.
The Red Sea (also the Erythraean Sea) is a seawater inlet of the Indian Ocean, lying between Africa and Asia.The connection to the ocean is in the south through the Bab el Mandeb strait and the Gulf of Aden. In the north, there is the Sinai Peninsula, the Gulf of Aqaba, and the Gulf of Suez (leading to the Suez Canal).The Red Sea is a Global 200 ecoregion. The sea is underlain by the Red Sea Rift which is part of the Great Rift Valley.he Red Sea (also the Erythraean Sea) is a seawater inlet of the Indian Ocean, lying between Africa and Asia. The connection to the ocean is in the south through the Bab el Mandeb strait and the Gulf of Aden.