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The International Standard Demand Guarantee Practice for URDG 758
(ISDGP) is the indispensable companion to the ICC Uniform Rules
for Demand Guarantees 758 (URDG). It represents international best
practice in demand guarantees. It supplements, but does not amend,
The 215 international standard practices in this publication have been
collected through a decade of the application of the URDG. They
record best practice in demand guarantees throughout the lifecycle
of the guarantee: the drafting and issue of guarantees and counterguarantees,
presentations, examinations and payments, rejections
and expiry, transfers and assignments, and more.
The ISDGP demonstrates how the principles and content of URDG
758 should be integrated into day-to-day demand guarantee practice,
in all types of demand guarantees, international or domestic, in all
the sectors of trade and industry, regardless of when or where the
guarantee or counter-guarantee is issued. Insights and best practices
are combined in this first edition of the ISDGP for the benefit of
instructing parties/applicants, beneficiaries, guarantors and counterguarantors.
Compliance with the ISDGP may avoid mishaps that lead
to unintended consequences, costly payment delays, and disputes.
This publication should always be read in conjunction with URDG 758.