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1、1URDG758Article1ApplicationofURDGApplytoanydemandguaranteeorcounter-guaranteethatexpresslyindicatesitissubjecttothem,exceptmodifiesorexcludesthem.DemandGuaranteeissubjecttotheURDG,CounterGuaranteeisalsosubjecttotheURDG.CounterGuaranteeisalsosubjecttotheURDG,DemandGuar
2、anteeissubjecttotheURDG?DemandGuaranteeissubjecttotheURDGexcludedarticleX,CounterGuaranteeissubjecttotheURDGexcludedarticleX?modifiesorexcludes?2URDG758Article1ApplicationofURDGWhere,attherequestorwiththeagreementoftheinstructingparty,ademandguaranteeorcounter-guarant
3、eeisissuedsubjecttotheURDG,theinstructingpartyisdeemedtohaveacceptedtherightsandobligationsexpresslyascribedtoitintheserules.URDG1992versionor2010version?CantheURDGapplywherenotexpresslyincorporatedinaguarantee?3URDG758Article2DefinitionsApplicantmeansthepartyindicate
4、dintheguaranteeashavingitobligationundertheunderlyingrelationshipsupportedbytheguarantee.Theapplicantmayormaynotbetheinstructingparty.Instructingpartymeanstheparty,otherthanthecounter-guarantor,whogivesinstructionstoissueaguaranteeorcounter-guaranteeandisresponsiblefo
5、rindemnifyingtheguarantoror,inthecaseofacounter-guarantee,thecounter-guarantor.Theinstructingpartymayormaynotbetheapplicant.Partyv.Bank4URDG758Article2DefinitionsDemandguaranteemeansanysignedundertaking,howevernamedordescribed,providingforpaymentonpresentationofacompl
6、yingdemand.Structureoffive-partyguaranteeCanguarantorissueaguaranteeactingforitsownaccount?InstructingPartyBeneficiaryGuarantorApplicantCounterGuarantorPrincipal5URDG758Article2DefinitionsPresentationmeansthedeliveryofadocumentunderaguaranteetotheguarantororthedocumen
7、tsodelivered.Itincludesapresentationotherthanforademand,forexample,apresentationforthepurposeoftriggeringtheexpiryoftheguaranteeoravariationofitsamount.Documentmeansasignedorunsignedrecordofinformation,inpaperorinelectronicform,thatiscapableofbeingreproducedintangible
8、formbythepersontowhomitispresented.Intheserules,adocumentincludesademandandasupportingstatement.Documentincludesfaxore-mail?
