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How to Download URDG 758 Full Text PDF for Free in 2021
If you are involved in international trade and finance, you may have heard of the ICC Uniform Rules for Demand Guarantees (URDG 758). These are a set of rules that apply to any demand guarantee or counter-guarantee that expressly indicates it is subject to them. They are designed to provide a clear and comprehensive framework for the parties to a demand guarantee, such as the applicant, the beneficiary, the guarantor, the instructing party and the counter-guarantor.
A demand guarantee is a type of security that guarantees the payment of a specified amount upon the presentation of a complying demand by the beneficiary. A counter-guarantee is a guarantee given by one party to another to procure the issue of a demand guarantee or another counter-guarantee by that other party. Demand guarantees and counter-guarantees are widely used in international trade and finance transactions, such as contracts for the supply of goods or services, construction projects, loans, bonds and letters of credit.
The URDG 758 were adopted by the ICC in 2010 and came into force on 1 July 2010. They replaced the previous version of the URDG (458) that was issued in 1992. The URDG 758 reflect the current best practice and international standard demand guarantee practice in relation to demand guarantees and counter-guarantees. They cover various aspects of demand guarantees and counter-guarantees, such as their form and content, their issue and amendment, their expiry and termination, their presentation and examination, their payment and transfer, their assignment of proceeds, their reduction and release, their governing law and jurisdiction, and their electronic documents.
If you want to learn more about the URDG 758 and how they apply to demand guarantees and counter-guarantees, you may want to download the full text of the URDG 758 in PDF format. This way, you can have access to the complete text of the rules anytime and anywhere. You can also print them out or save them on your device for future reference.
But how can you download the URDG 758 full text PDF for free in 2021? There are several ways to do this, but here are some of the easiest and most reliable ones:
Visit the official website of the ICC at https://iccwbo.org/. The ICC is the world's largest business organization that represents more than 45 million companies in over 100 countries. It is also the publisher of the URDG 758 and other ICC rules related to international trade and finance. On its website, you can find various publications, resources and services related to the ICC rules. You can also purchase a hard copy or an e-book version of the URDG 758 from its online store.
Visit the official website of the ICC Digital Library at https://library.iccwbo.org/. The ICC Digital Library is an online platform that provides access to more than 1,000 ICC publications and documents related to international trade and finance. It includes all ICC rules, model contracts, guidelines, opinions, case studies, reports and more. You can also find a free preview of the URDG 758 on its website. To download the full text PDF of the URDG 758, you need to subscribe to one of its plans or purchase a single document access.
Visit one of the websites that offer free downloads of PDF files related to international trade and finance. There are many websites that provide free access to various PDF documents related to different topics and fields. Some of them may have a copy of the URDG 758 full text PDF available for download. However, you need to be careful when using these websites as they may not be authorized by the ICC or may contain inaccurate or outdated information. Some examples of these websites are http://www.cipcic-bragadin.com/wp-content/uploads/2015/09/ICC-URDG-758.pdf, https://www.iccitalia.org/wp-content/uploads/2020/02/702-icc-guide-to-icc-uniform-rules-for-demand-guarantees-urdg-758.pdf, and https://www.iccindiaonline.org/images/pdf/guide-to-icc-uniform-rules-for-demand-guarantees.pdf.
These are some of the ways you can download the URDG 758 full text PDF for free in 2021. However, before you download any PDF file from any source, make sure you check its authenticity, accuracy and currency. You should also respect the intellectual property rights of the ICC and other authors and publishers.
Why You Need to Read the URDG 758
The URDG 758 are not only a set of rules, but also a source of guidance and best practice for the parties to a demand guarantee or a counter-guarantee. By applying the URDG 758 to your demand guarantee or counter-guarantee, you can benefit from several advantages, such as:
Clarity and certainty: The URDG 758 provide clear and comprehensive definitions, terms and conditions for demand guarantees and counter-guarantees. They also specify the rights and obligations of each party, the procedures and deadlines for presentation, examination and payment, and the rules for electronic documents. By following the URDG 758, you can avoid ambiguity, confusion and disputes that may arise from unclear or inconsistent terms and conditions.
Neutrality and fairness: The URDG 758 are neutral and balanced rules that respect the interests of all parties to a demand guarantee or a counter-guarantee. They do not favour any party or jurisdiction over another. They also ensure that the demand guarantee or counter-guarantee is independent from the underlying relationship between the applicant and the beneficiary, and that it is payable upon a complying demand without any conditions or exceptions.
Flexibility and adaptability: The URDG 758 are flexible and adaptable rules that can be applied to any type of demand guarantee or counter-guarantee, regardless of its name, form or purpose. They can also be modified or excluded by the parties to suit their specific needs and preferences. However, any modification or exclusion should be clearly indicated in the demand guarantee or counter-guarantee.
Harmonization and standardization: The URDG 758 are harmonized and standardized rules that reflect the current international practice and conventions in relation to demand guarantees and counter-guarantees. They are compatible with other ICC rules, such as the UCP 600 for documentary credits, the ISP 98 for standby letters of credit, and the URBPO for bank payment obligations. They are also consistent with the UN Convention on Independent Guarantees and Stand-by Letters of Credit that was adopted in 1995.
By reading the URDG 758, you can gain a better understanding of how demand guarantees and counter-guarantees work in practice, what are their benefits and risks, and how to use them effectively and efficiently in your international trade and finance transactions.
How to Use the URDG 758
If you want to use the URDG 758 for your demand guarantee or counter-guarantee, you need to follow some simple steps:
First, you need to decide whether you want to issue or receive a demand guarantee or a counter-guarantee. A demand guarantee is issued by a guarantor in favour of a beneficiary at the request or with the agreement of an instructing party (usually the applicant). A counter-guarantee is issued by a counter-guarantor in favour of another party (usually the guarantor) at the request of an instructing party (usually the applicant or another counter-guarantor).
Second, you need to agree with the other parties on the terms and conditions of the demand guarantee or counter-guarantee. You can use a standard form or draft your own document. You should include all the essential elements of a demand guarantee or counter-guarantee, such as the names and addresses of the parties, the amount and currency of the guarantee, the expiry date and place, the documents required for presentation, and any other clauses that may be relevant for your transaction.
Third, you need to indicate in the demand guarantee or counter-guarantee that it is subject to the URDG 758. You can do this by using a simple phrase such as "This guarantee is subject to the Uniform Rules for Demand Guarantees (URDG) 2010 revision, ICC Publication No. 758". You should also specify whether you want to apply any modification or exclusion to the URDG 758.
Fourth, you need to issue or receive the demand guarantee or counter-guarantee according to the agreed terms and conditions. You should also advise or confirm the demand guarantee or counter-guarantee to the other parties if required. You should keep a copy of the demand guarantee or counter-guarantee and any related documents for your records.
Fifth, you need to comply with your obligations under the demand guarantee or counter-guarantee and the URDG 758. If you are the beneficiary or counter-beneficiary, you should present a complying demand and any required documents before the expiry date and at the place specified in the demand guarantee or counter-guarantee. If you are the guarantor or counter-guarantor, you should examine the demand and any documents within five business days and pay without delay if they comply with the terms and conditions of the demand guarantee or counter-guarantee and these rules.
By using these steps, you can ensure that your demand guarantee or counter-guarantee is governed by the URDG 758 and that you benefit from their clarity, certainty, neutrality, fairness, flexibility, adaptability, harmonization and standardization.
Conclusion
The URDG 758 are the ICC Uniform Rules for Demand Guarantees that apply to any demand guarantee or counter-guarantee that expressly indicates it is subject to them. They provide a clear and comprehensive framework for the parties to a demand guarantee or a counter-guarantee, covering various aspects such as their form and content, their issue and amendment, their expiry and termination, their presentation and examination, their payment and transfer, their assignment of proceeds, their reduction and release, their governing law and jurisdiction, and their electronic documents. They also reflect the current best practice and international standard demand guarantee practice in relation to demand guarantees and counter-guarantees.
If you want to download the URDG 758 full text PDF for free in 2021, you can visit the official website of the ICC or the ICC Digital Library, or one of the websites that offer free downloads of PDF files related to international trade and finance. However, you should always check the authenticity, accuracy and currency of the PDF file before you download it. You should also respect the intellectual property rights of the ICC and other authors and publishers.
If you want to use the URDG 758 for your demand guarantee or counter-guarantee, you need to follow some simple steps: decide whether you want to issue or receive a demand guarantee or a counter-guarantee; agree with the other parties on the terms and conditions of the demand guarantee or counter-guarantee; indicate in the demand guarantee or counter-guarantee that it is subject to the URDG 758; issue or receive the demand guarantee or counter-guarantee according to the agreed terms and conditions; and comply with your obligations under the demand guarantee or counter-guarantee and the URDG 758.
By reading and using the URDG 758, you can gain a better understanding of how demand guarantees and counter-guarantees work in practice, what are their benefits and risks, and how to use them effectively and efficiently in your international trade and finance transactions. 4aad9cdaf3