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Urdg 758: Uniform Rules for Demand Guarantees

Urdg 758: Uniform Rules for Demand Guarantees

Paperback

Accounting

ISBN13: 9798607223830
Publisher: Independently Published
Published: Jan 31 2020
Pages: 62
Weight: 0.20
Height: 0.15 Width: 5.51 Depth: 8.50
Language: English
Uniform Rules For Demand Guarantees (URDG) refers to a set of guidelines adopted by the International Chamber of Commerce (ICC) that sets forth generally agreed-upon rules governing securing payments and guarantees in contracts among global trading partners.
URDG covers demand guarantees, or specific rights or countermeasures one party can impose on another party, and also applies to agreements requiring the decision of an arbitrator, as well as some contracts that involve slightly more complex agreements, such as situations dealing with the default of one of the parties.

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