International Standard Demand Guarantee Practice (ISDGP) for URDG 758 - eBook
The 215 international standard practices in this publication have been collected through a decade of the application of the URDG. They record best practice in demand guarantees throughout the lifecycle of the guarantee: the drafting and issue of guarantees and counter-guarantees, presentations, examinations and payments, rejections and expiry, transfers and assignments, and more.
The ISDGP demonstrates how the principles and content of URDG 758 should be integrated into day-to-day demand guarantee practice, in all types of demand guarantees, international or domestic, in all sectors of trade and industry, regardless of when or where the guarantee or counter-guarantee is issued.
Insights and best practices are combined in this first edition of the ISDGP for the benefit of instructing parties/applicants, beneficiaries, guarantors and counter-guarantors. Compliance with the ISDGP may avoid mishaps that lead to unintended consequences, costly payment delays, and disputes.
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