This Guarantee i. shall be a continuing security for the payment of all moneys and liabilities whatsoever from time to time owing (whether actually or contingently) by the Charterer to you under sections 8.11(a) and 8.11(b) of the Charter and shall not be satisfied by any intermediate payment or satisfaction of any part of such moneys or liabilities;
This Guarantee. 7.1 shall expire on the Expiry Date until which time it is irrevocable;