Who may present event expiry in URDG758
Posted: Wed Jan 05, 2011 12:32 am
hi,
Article 2 of URDG758 reads,
Article 2 of URDG758 reads,
to my understanding that since no specific presenter is mentioned here, it could be presented by anyone including applicantexpiry event means an event which under the terms of the guarantee results in its expiry, whether immediately or within a specified time after the event occurs, for which purpose the event is deemed to occur only:
a. when a document specified in the guarantee as indicating the occurrence of the event is presented to the guarantor, or