Non Documentary Condition In URDG Counter Guarantee

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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ANGE
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Non Documentary Condition In URDG Counter Guarantee

Post by ANGE »

Hello, I would like to have your advices:

if a counter guarantee subject to UEDG 758 is issued in including the following clauses, are they a non documentary conditions?

"The present counter-guarantee shall come into force on the date of issue of the guarantee by the buyer's bank".
"The present counter-guarantee shall remain valid for 15 days after the date of expiry of the guarantee issued by the buyer's bank".

lET ME HAVE YOUR ADVICES
snejiblajeva
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Post by snejiblajeva »

Hello!

the two conditions are quite usual for a counter guarantee and are not a subject of matter of art.7 URDG 758
Refards,
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