Can we issue Guarantee under URDG 458?

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.
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monem
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Can we issue Guarantee under URDG 458?

Post by monem »

Can we issue Guarantee under URDG 458?


Regards,
Monem
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picant
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Joined: Wed Aug 20, 2008 1:49 pm

Yes it is possible....

Post by picant »

Hi Pal,

all is possible, naturally with caution.
other comments appreciated
Ciao
WanDan
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Last Name: Dan
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Why?

Post by WanDan »

Hi,

What is the clue here? Is there any advantage in using the "old" URDG?

I agree with picant, you can use them. However, from my perspective the 758 is far more accepted.

Comments appreciated.

Cheers,
Dan
shruti
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Joined: Sun Mar 01, 2009 1:32 pm
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BG under 458?

Post by shruti »

its just using snail mail instead of email/SWIFT. we can issue physical LCS in era of SWIFT. Nothing debars .. :(( but Why?
Request 758.. :|
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