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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CDCS2009
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by CDCS2009 » Wed Jan 05, 2011 9:03 pm
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
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shahriar
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by shahriar » Fri Jan 14, 2011 9:19 pm
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
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leekaiyin55
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by leekaiyin55 » Thu Mar 15, 2012 1:15 pm
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.