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URDG 758 – Best Practice

13 November 2018 - Vienna, Austria >>>
 

Bank Guarantees, as a simple but powerful tool for de-risking, play a vital role in international trade and other business transactions. ICC research found that the demand for bank guarantees has steadily grown.

 

However, rules are only as good as the knowledge and understanding of those who apply them. In particular with guarantees, all parties involved may underestimate the risks due to unknown legal systems, bad drafting or insufficient knowledge in general; therefore jeopardizing the security they originally intended to create.

 

This ICC Austria training aims to combine knowledge to avoid partial solutions, but to offer an integrated approach instead.

  • Do's and Don’ts of Drafting
  • URDG compared to UCP 600 / ISP 98
  • The new URDG 758 2018 survey
    • Reports on adoption of URDG from around the world
  • URDG 758 and challenging jurisdictions
  • Get it right: Extend or pay in practice
  • ICC Banking Commission Opinions on URDG
  • International Standard Demand Guarantee Practice
    • Up-date on the drafting of the ISDGP
  • Case Studies

CDCS® and CSDG® holders: CDCS® and CSDG® holders attending will earn 6 PDU points.

 

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