Urdg 758 !!install!! -

: A demand must include a statement explaining how the applicant breached their contract.

Nevertheless, if not acceptable to the parties, it can always be excluded, as Article 15(c) recognizes. Article 15(c) clarifies th... Documentary Credit World Show all Article Title/Topic Key Detail Art. 1 Application of URDG Applies when expressly incorporated by reference in the guarantee. Art. 2 Definitions Defines terms like "Beneficiary," "Complying demand," and "Counter-guarantee". Art. 5 Independence Confirms the guarantor is not bound by the underlying relationship. Art. 11 Amendments Amendments are not binding on the beneficiary until they agree to them. Art. 14 Presentation Specifies that documents must be presented at the place of issue. Art. 15 Requirements for Demand Requires a "supporting statement" indicating the applicant is in breach unless expressly excluded. Art. 20 Time for Examination The guarantor has five business days following the day of presentation to examine a demand. Important Documents & Forms The official publication includes: Model Forms urdg 758

: The guarantee is independent of the underlying relationship. : A demand must include a statement explaining

: Ensures the guarantee is a stand-alone contract, meaning the bank’s obligation to pay is separate from disputes about the actual goods or services. Documentary Credit World Show all Article Title/Topic Key