A Guarantee States Two Different Dates Expiry

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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A Guarantee States Two Different Dates Expiry

Post by snk » Thu Jul 18, 2013 6:53 pm

dear experts,

A guarantee states two different dates expiry 31.12.2013. claim lodgment date 28.02.2013
What does this hold for please deliberate...


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claim lodgement

Post by picant » Thu Jul 18, 2013 9:30 pm

Hi Pal,

It will depend on the guaran tee wording. Expiry date for the transaction to be guaranteed, claim lodgement, a period after expiry to claim the amount to the guarantor.
p.e. Covering shipment of goods not later than 30 nov 2013, payment at 30 days, if unpaid claim reimbursement not later than 28 feb 2014.
Naturally read well the guarantee.
Other comments appreciated

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