Under the terms of the guarantee, SEPI would indemnify Repsol at first request for all the direct and indirect costs and consequent losses Repsol would incur if the ships were not delivered according to the contract terms for reasons for which Izar could be held liable.
Kõnealuse tagatise kohaselt hüvitab SEPI Repsolile esimesel nõudmisel kõik otsesed ja kaudsed kulud ning kaasneva kahju, mida Repsol kannab juhul, kui laevasid ei tarnita lepingutingimuste kohaselt Izari süül.