Guide to ICC Uniform Rules for Demand Guarantees

This detailed handbook is key to understanding how to best use ICC’s Uniform Rules for Demand Guarantees. It explains the fundamental principles of the URDG 758 rules, their scope and the advantages they offer to all parties involved.

Sir Roy Goode and Georges Affaki, members of the URDG drafting group, demonstrate how the URDG apply in daily practice and give revealing insights into the revision process. They track in detail the seven key stages of the lifecycle of a typical URDG guarantee and answer crucial questions such as

• What is a counter-guarantee?
• What is the difference between demand guarantee and suretyship?
• What are the advantages of URDG758?
• Why was the revision necessary?

Expert article-by-article commentary and illustrative case studies make this Guide an indispensable tool for users and issuers of demand guarantees and counter-guarantees. Guide to ICC Uniform Rules for Demand Guarantees will help you make the most of URDG 758.