Non Documentary Condition In URDG Counter Guarantee
Posted: Sat Oct 15, 2016 11:59 pm
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
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