The Uniform Rules for Demand Guarantees - URDG 758 ICC, apply to any demand guarantee or counter-guarantee that expressly indicates it is subject to them. They are binding on all parties, except so far as the demand guarantee counter-guarantee modifies or excludes them.
Bankers, traders, and industry associations recognise and accept the URDG because it attempts to balance the interests of all parties involved in various types of international contracts.
Gain a clear, practical understanding of the process through which guarantees are used in trade finance to secure payment in the event of a default.
Our online course is held as a virtual training session but can be delivered in-house or offered at a designated location combined with a following project implementation support.
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