Or such later time

With the introduction of Uniform Rules for Documentary Guarantee or URDG 758, the rules for Documentary Guarantee seem to be popular again. It can be imagined from the increasing number of questions that have popped up in recent days. Documentary Guarantee Forum is an effort to develop a platform to discuss these questions.
Post Reply
CDCS2009
Posts: 57
Joined: Sat May 01, 2010 9:06 am
First Name: Nova
Last Name: Birsk
Organization: itrade
Filter: Two Plus Two =: 4

Or such later time

Post by CDCS2009 »

URDG 758 article 4C

The beneficiary may present a demand from the time of issue of the guarantee or such later time or event as the guarantee provides.

could you please explain me [or such later time]

thanks for your help :)
User avatar
shahriar
Posts: 923
Joined: Fri May 16, 2008 1:03 am
First Name: Shahriar
Last Name: Masum
Organization: Mutual Trust Bank
Filter: Two Plus Two =: 4
Location: Bangladesh

or such later time

Post by shahriar »

i think we should read it like "or such later time or event ". this means any later time (for example any time after shipment etc.) or event (for example if unpaid by the applicant etc.)

hope that helps
leekaiyin55
Posts: 35
Joined: Wed Feb 29, 2012 10:37 pm
First Name: Lee
Last Name: Kai Yin
Organization: DB
Filter: Two Plus Two =: 4
Location: Hong Kong

Or such later time or event as the guarantee provides

Post by leekaiyin55 »

Dear Friends,

In my opinion, the complete meaning should read as "Or such later time or event as the guarantee provides". For example, BG allows claim to be made only after xx.xxx.2012 or the breach of contract by BG applicant.

Thank you.
Post Reply