Uniform Rules for Demand Guarantees

Uniform Rules for Demand Guarantees
Uniform Rules for Demand Guarantees (URDG)
International
An international set of rules governing the rights and obligations of parties under demand guarantees produced by the International Chamber of Commerce. The current version, URDG 458, will be succeeded by a new version, URDG 758, when it comes into force on 1 July 2010.
Related links
For more information, see Practice note, Bonds, guarantees and standby credits: overview: International Chamber of Commerce Uniform Rules.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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