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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 URDG.
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.
ICC Uniform Rules for Demand Guarantees—URDG 758
ICC Pub. No. 758E, €20
Also available bilingual French English: €20
The ICC Uniform Rules for Demand Guarantees (URDG) reflect international standard practice in the use of demand guarantees and balance the legitimate interests of all parties. The current edition, URDG 758, was officially endorsed by the UN Commission on International Trade Law (UNCITRAL) in July 2011.
Guide to ICC Uniform Rules for Demand Guarantees
By Dr. Georges Affaki & Sir Roy Goode
ICC Pub. No. 702E, €95
This Guide is a vital tool to help you efficiently use ICC’s Uniform Rules for Demand Guarantees—indispensable for issuers and users of guarantees and their advisors. The authors have put the essence of their experience in research and teaching the law and practice of demand guarantees over a period of twenty years.
ICC Uniform Customs and Practice for Documentary Credits—UCP 600
ICC Pub. No. 600E, €20
Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. For more than 85 years, the UCP have governed letter of credit transactions worldwide. The rules now also include version 2.0 of the eUCP—the 14 articles of ICC’s supplement to the UCP that govern presentation of documents in electronic form.
International Standard Banking Practice
ICC Pub. No. 745E, €20
Also available in French: €20
To reflect current best practice and recent developments in the world of trade finance, the ICC Banking Commission has now updated the successful International Standard Banking Practice (ISBP). This publication will greatly help harmonize practice worldwide and thus facilitate the flow of world trade. If you use documentary credits and other trade finance products in your daily job, you should definitely have a copy on your desk.