32. A guarantee furnished as security, a guarantee policy or a letter of credit shall have a term equal to that of the permit.
The guarantee shall contain a clause stipulating that the period during which a claim may be made based on the permit holder’s failure to discharge his obligations must extend at least 6 months after the guarantee expires or, as the case may be, after its revocation, resiliation or cancellation.
Any revocation, resiliation or cancellation clause in a guarantee may take effect only after advance notice of at least 15 days is sent to the Minister by registered mail.