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Abram Shilov
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ICC Uniform Rules for Demand Guarantees (URDG 758) Explained - Full Text .pdf.zip Format


What is Urdg 758 Full Text .pdf.zip and Why You Need It




If you are involved in international trade, you may have heard of Urdg 758 Full Text .pdf.zip. But what is it and why do you need it? In this article, we will explain what Urdg 758 Full Text .pdf.zip is, how it works, and what benefits it offers to traders and bankers.




Urdg 758 Full Text .pdf.zip



What is Urdg 758 Full Text .pdf.zip?




Urdg 758 Full Text .pdf.zip is a file that contains the full text of the ICC Uniform Rules for Demand Guarantees (URDG) 758. The URDG 758 are a set of rules that govern the use of demand guarantees and counter-guarantees in international trade. Demand guarantees are instruments that provide security to a beneficiary (such as a seller or a contractor) in case the applicant (such as a buyer or an employer) fails to fulfill its obligations under the underlying contract. Counter-guarantees are instruments that provide security to a guarantor (such as an issuing bank) in case the counter-guarantor (such as a confirming bank) fails to honor its obligations under the demand guarantee.


How does Urdg 758 Full Text .pdf.zip work?




Urdg 758 Full Text .pdf.zip works by providing a uniform and comprehensive framework for the issuance, presentation, examination, and payment of demand guarantees and counter-guarantees. The URDG 758 apply to any demand guarantee or counter-guarantee that expressly indicates it is subject to them. They are binding on all parties to the demand guarantee or counter-guarantee except so far as they modify or exclude them. The URDG 758 define the terms and conditions of demand guarantees and counter-guarantees, such as the definitions, scope of application, form and content, expiry date, amendments, transfers, assignments, demands, examinations, payments, charges, force majeure, governing law, and dispute resolution.


What are the benefits of Urdg 758 Full Text .pdf.zip?




Urdg 758 Full Text .pdf.zip offers many benefits to traders and bankers who use demand guarantees and counter-guarantees in international trade. Some of these benefits are:


  • It reflects international standard practice in the use of demand guarantees and counter-guarantees and balances the legitimate interests of all parties.



  • It provides clarity and certainty for the parties by establishing clear rules and procedures for the issuance, presentation, examination, and payment of demand guarantees and counter-guarantees.



  • It reduces the risk of disputes and litigation by providing mechanisms for resolving issues such as discrepancies, extensions, amendments, transfers, assignments, force majeure, governing law, and dispute resolution.



  • It enhances efficiency and convenience for the parties by allowing electronic documents and communications, facilitating transfers and assignments, and simplifying amendments.



  • It promotes uniformity and harmonization of demand guarantee practice across different jurisdictions and legal systems.



How to get Urdg 758 Full Text .pdf.zip?




If you want to get Urdg 758 Full Text .pdf.zip, you can download it from the ICC Digital Library website. The ICC Digital Library is a comprehensive online resource that provides access to ICC publications on trade finance, arbitration, commercial law, and other topics. You can also find other ICC rules on trade finance, such as UCP 600 (Uniform Customs and Practice for Documentary Credits), ISP 98 (International Standby Practices), URBPO (Uniform Rules for Bank Payment Obligations), and more.


Conclusion




Urdg 758 Full Text .pdf.zip is a valuable tool for traders and bankers who use demand guarantees and counter-guarantees in international trade. It provides a uniform and comprehensive framework for the issuance, presentation, examination, and payment of demand guarantees and counter-guarantees. It also offers many benefits to the parties by reflecting international standard practice, providing clarity and certainty, reducing the risk of disputes and litigation, enhancing efficiency and convenience, and promoting uniformity and harmonization. If you want to get Urdg 758 Full Text .pdf.zip, you can download it from the ICC Digital Library website.


What are the main features of Urdg 758 Full Text .pdf.zip?




Urdg 758 Full Text .pdf.zip has many features that make it a reliable and convenient tool for using demand guarantees and counter-guarantees in international trade. Some of these features are:


  • It covers both demand guarantees and counter-guarantees, as well as any other instruments that function as demand guarantees or counter-guarantees.



  • It applies to both independent and accessory demand guarantees and counter-guarantees, as well as to any other instruments that function as independent or accessory demand guarantees or counter-guarantees.



  • It allows the parties to modify or exclude any of its provisions, except for those that are mandatory by law or public policy.



  • It recognizes the autonomy of the demand guarantee or counter-guarantee from the underlying contract and the independence of the guarantor or counter-guarantor from the instructing party.



  • It provides a clear and simple definition of a complying demand and a complying presentation, as well as a detailed list of documents that may be required for a complying demand.



  • It establishes a maximum period of five business days for the examination of a demand and the payment or refusal of payment under a demand guarantee or counter-guarantee.



  • It allows electronic documents and communications, as well as paper documents and communications, for the issuance, presentation, examination, and payment of demand guarantees and counter-guarantees.



  • It facilitates transfers and assignments of demand guarantees and counter-guarantees, as well as demands under them, by providing clear rules and procedures for such transactions.



  • It simplifies amendments of demand guarantees and counter-guarantees by providing that any amendment becomes effective upon its receipt by the guarantor or counter-guarantor, unless otherwise agreed by the parties.



  • It provides for automatic extensions of expiry dates in case of force majeure events that prevent presentation or payment under a demand guarantee or counter-guarantee.



What are some examples of Urdg 758 Full Text .pdf.zip in practice?




Urdg 758 Full Text .pdf.zip can be used for various types of transactions and contracts that require security in the form of demand guarantees or counter-guarantees. Here are some examples of Urdg 758 Full Text .pdf.zip in practice:


  • A construction company in China contracts with an employer in Nigeria to build a power plant. The employer requests a performance guarantee from the construction company to secure its performance under the contract. The construction company obtains a performance guarantee from its bank in China subject to the URDG 758. The bank issues the performance guarantee in favour of the employer and sends it to its correspondent bank in Nigeria for advising. The correspondent bank advises the performance guarantee to the employer subject to the URDG 758.



  • An exporter in France sells goods to an importer in India. The importer requests an advance payment guarantee from the exporter to secure its advance payment under the sales contract. The exporter obtains an advance payment guarantee from its bank in France subject to the URDG 758. The bank issues the advance payment guarantee in favour of the importer and sends it to its correspondent bank in India for advising. The correspondent bank advises the advance payment guarantee to the importer subject to the URDG 758.



  • A supplier in Germany supplies equipment to a buyer in Brazil. The buyer requests a retention money guarantee from the supplier to secure its retention money under the supply contract. The supplier obtains a retention money guarantee from its bank in Germany subject to the URDG 758. The bank issues the retention money guarantee in favour of the buyer and sends it to its correspondent bank in Brazil for advising. The correspondent bank advises the retention money guarantee to the buyer subject to the URDG 758.



Conclusion




Urdg 758 Full Text .pdf.zip is a useful resource for anyone who is involved in international trade and needs to use demand guarantees or counter-guarantees as a form of security. It provides a uniform and comprehensive framework for the issuance, presentation, examination, and payment of demand guarantees and counter-guarantees. It also offers many benefits to the parties by reflecting international standard practice, providing clarity and certainty, reducing the risk of disputes and litigation, enhancing efficiency and convenience, and promoting uniformity and harmonization. If you want to use Urdg 758 Full Text .pdf.zip effectively, you need to follow some best practices and tips that we have discussed in this article.


How to download Urdg 758 Full Text .pdf.zip?




If you want to download Urdg 758 Full Text .pdf.zip, you can follow these simple steps:


  • Go to the ICC Digital Library website at https://library.iccwbo.org/tfb/tfb-iccrules.htm.



  • Click on the link for URDG 758 Uniform Rules for Demand Guarantees.



  • Click on the button for Download PDF.



  • Enter your email address and agree to the terms and conditions.



  • Click on the button for Submit.



  • Check your email inbox for a message from ICC Digital Library with a link to download Urdg 758 Full Text .pdf.zip.



  • Click on the link and save Urdg 758 Full Text .pdf.zip to your device.



How to open Urdg 758 Full Text .pdf.zip?




If you have downloaded Urdg 758 Full Text .pdf.zip, you can open it with any software that can read PDF files and ZIP files. Here are some examples of such software:


  • Adobe Acrobat Reader: This is a free software that can read PDF files. You can download it from https://get.adobe.com/reader/. To open Urdg 758 Full Text .pdf.zip with Adobe Acrobat Reader, you need to extract the ZIP file first. You can use any software that can extract ZIP files, such as WinZip, WinRAR, or 7-Zip. After extracting the ZIP file, you will get a PDF file named URDG_758.pdf. You can open this file with Adobe Acrobat Reader.



  • WinZip: This is a software that can read and extract ZIP files. You can download it from https://www.winzip.com/. To open Urdg 758 Full Text .pdf.zip with WinZip, you need to double-click on the ZIP file. WinZip will open and show you the contents of the ZIP file. You will see a PDF file named URDG_758.pdf. You can double-click on this file to open it with WinZip's built-in PDF viewer.



  • 7-Zip: This is a free software that can read and extract ZIP files. You can download it from https://www.7-zip.org/. To open Urdg 758 Full Text .pdf.zip with 7-Zip, you need to right-click on the ZIP file and choose 7-Zip > Open archive. 7-Zip will open and show you the contents of the ZIP file. You will see a PDF file named URDG_758.pdf. You can double-click on this file to open it with your default PDF viewer.



Conclusion




Urdg 758 Full Text .pdf.zip is a useful resource for anyone who is involved in international trade and needs to use demand guarantees or counter-guarantees as a form of security. It provides a uniform and comprehensive framework for the issuance, presentation, examination, and payment of demand guarantees and counter-guarantees. It also offers many benefits to the parties by reflecting international standard practice, providing clarity and certainty, reducing the risk of disputes and litigation, enhancing efficiency and convenience, and promoting uniformity and harmonization. If you want to download Urdg 758 Full Text .pdf.zip, you can follow some simple steps that we have discussed in this article.


Conclusion




Urdg 758 Full Text .pdf.zip is a useful resource for anyone who is involved in international trade and needs to use demand guarantees or counter-guarantees as a form of security. It provides a uniform and comprehensive framework for the issuance, presentation, examination, and payment of demand guarantees and counter-guarantees. It also offers many benefits to the parties by reflecting international standard practice, providing clarity and certainty, reducing the risk of disputes and litigation, enhancing efficiency and convenience, and promoting uniformity and harmonization. If you want to download Urdg 758 Full Text .pdf.zip, you can follow some simple steps that we have discussed in this article. 4e3182286b


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