见索即付保函统一规则URDG758介绍=上海.ppt

1 URDG758 Article1ApplicationofURDGApplytoanydemandguaranteeorcounter guaranteethatexpresslyindicatesitissubjecttothem exceptmodifiesorexcludesthem DemandGuaranteeissubjecttotheURDG CounterGuaranteeisalsosubjecttotheURDG CounterGuaranteeisalsosubjecttotheURDG DemandGuaranteeissubjecttotheURDG DemandGuaranteeissubjecttotheURDGexcludedarticleX CounterGuaranteeissubjecttotheURDGexcludedarticleX modifiesorexcludes 2 URDG758 Article1ApplicationofURDGWhere attherequestorwiththeagreementoftheinstructingparty ademandguaranteeorcounter guaranteeisissuedsubjecttotheURDG theinstructingpartyisdeemedtohaveacceptedtherightsandobligationsexpresslyascribedtoitintheserules URDG1992versionor2010version CantheURDGapplywherenotexpresslyincorporatedinaguarantee 3 URDG758 Article2DefinitionsApplicantmeansthepartyindicatedintheguaranteeashavingitobligationundertheunderlyingrelationshipsupportedbytheguarantee Theapplicantmayormaynotbetheinstructingparty Instructingpartymeanstheparty otherthanthecounter guarantor whogivesinstructionstoissueaguaranteeorcounter guaranteeandisresponsibleforindemnifyingtheguarantoror inthecaseofacounter guarantee thecounter guarantor Theinstructingpartymayormaynotbetheapplicant Partyv Bank 4 URDG758 Article2DefinitionsDemandguaranteemeansanysignedundertaking howevernamedordescribed providingforpaymentonpresentationofacomplyingdemand Structureoffive partyguaranteeCanguarantorissueaguaranteeactingforitsownaccount InstructingParty Beneficiary Guarantor Applicant CounterGuarantor Principal 5 URDG758 Article2DefinitionsPresentationmeansthedeliveryofadocumentunderaguaranteetotheguarantororthedocumentsodelivered Itincludesapresentationotherthanforademand forexample apresentationforthepurposeoftriggeringtheexpiryoftheguaranteeoravariationofitsamount Documentmeansasignedorunsignedrecordofinformation inpaperorinelectronicform thatiscapableofbeingreproducedintangibleformbythepersontowhomitispresented Intheserules adocumentincludesademandandasupportingstatement Documentincludesfaxore mail 6 URDG758 Article2DefinitionsComplyingpresentationunderaguaranteemeansapresentationthatisinaccordancewith first thetermsandconditionsofthatguarantee second theserulessofarasconsistentwiththosetermsandconditionsand third intheabsenceofarelevantprovisionintheguaranteeortheserules internationalstandarddemandguaranteepractice Complyingdemandmeansademandthatmeetstherequirementsofacomplyingpresentation ComplyingpresentationunderUCP600 Presentationv Demand 7 URDG758 Article2DefinitionsInternationalstandarddemandguaranteepracticeThisismeantasafirststeptosupplementinginthenextfewyearstherevisedURDGwithabodyofcodifiedstandardpracticessimilartoISBPwhenICCfeelthatOpinions DOCDEXdecisionsandotherpositionpaperswouldallowtoidentifydistinctivelysuchabodyofstandardsinthemeantime itisfeltthatthenewconceptofISDGPsoforasconsistentwiththeURDGwillallowpartiesjudgesandarbitratorsmorelatitudeinidentifyingsolutionstodisputeswhileremainingwithinthespiritandgeneralprincipalsoftheURDG ISDGP agap fillertoURDG DOCDEX ICCRulesforDocumentaryInstrumentsDisputeResolutionExpertise 19971001 8 URDG758 Article2DefinitionsUnderlyingrelationshipmeansthecontract tenderconditionsorotherrelationshipbetweentheapplicantandthebeneficiaryonwhichtheguaranteeisbased Guarantor sownrecordsmeansrecordsoftheguarantorshowingamountscreditedtoordebitedfromaccountsheldwiththeguarantor providedtherecordofthosecreditsordebitsenablestheguarantortoidentifytheguaranteetowhichtheyrelate Thecaseof otherrelationship 9 URDG758 Article2Definitionsexpirymeanstheexpirydateortheexpiryeventor ifbotharespecified theearlierofthetwo expirydatemeansthedatespecifiedintheguaranteeonorbeforewhichapresentationmaybemade expiryeventmeansaneventwhichunderthetermsoftheguaranteeresultsinitsexpiry whetherimmediatelyorwithinaspecifiedtimeaftertheeventoccurs forwhichpurposetheeventisdeemedtooccuronly a whenadocumentspecifiedintheguaranteeasindicatingtheoccurrenceoftheeventispresentedtotheguarantor orb ifnosuchdocumentisspecifiedintheguarantee whentheoccurrenceoftheeventbecomesdeterminablefromtheguarantor sownrecords Validuntil30daysafterdeliveryevidencedbycargoreceipt 10 URDG758 Article3InterpretationBranchesofaguarantorindifferentcountriesareconsideredtobeseparateentities aguaranteeincludesacounter guaranteeandanyamendmentaguarantorincludesacounter guarantorabeneficiaryincludesthepartyinwhosefavouracounter guaranteeisissued Anyrequirementforpresentationofoneormoreoriginalsorcopiesofanelectronicdocumentissatisfiedbythepresentationofoneelectronicdocument DifferentBranchesinonecountryareconsideredtobeone 11 URDG758 Article3InterpretationWhenusedwithadateordatesoraperiodi Include from to until till and between ii Exclude before and after iii Exclude Include within Termssuchas firstclass well known qualified independent official competent or local whenusedtodescribetheissuerofadocumentallowanyissuerexceptthebeneficiaryortheapplicanttoissuethatdocument Allowinstructingpartytoissuethatdocument 12 URDG758 Article4IssueandeffectivenessAguaranteeisissuedwhenitleavesthecontroloftheguarantor Aguaranteeisirrevocableonissueevenifitdoesnotstatethis Thebeneficiarymaypresentademandfromthetimeofissueoftheguaranteeorsuchlatertimeorevenastheguaranteeprovided Whatdoes leavesthecontroloftheguarantee mean 13 URDG758 Article5Independenceofguaranteeandcounter guaranteeAguaranteeisindependentofunderlyingrelationship theapplication Acounterguaranteeisindependentofguarantee underlyingrelationshiptheapplicationanyothercounter guaranteeDirectguaranteeandIndirectguarantee 14 URDG758 Article6Documentsv goods servicesorperformanceGuarantorsdealwithdocumentsandnotwithgoods servicesorperformancetowhichthedocumentsmayrelate 15 URDG758 Article7Non documentaryconditionsAguaranteeshouldspecifyadocumenttoindicatecompliancewiththeconditioncontainedintheguarantee Iftheguaranteedoesnotspecifyanysuchdocumentandthefulfilmentoftheconditioncannotbedetermined1 fromtheguarantor sownrecords or2 fromanindexspecifiedintheguaranteethentheguarantorwilldeemsuchconditionsasnotstatedandwilldisregardit exceptforthepurposeofdeterminingdateinadocumentpresenteddonotconflictwithdatainguarantee Whatisanindex 16 URDG758 Article8ContentofinstructionsandguaranteesAllinstructionsshouldbeclearandpreciseandshouldavoidexcessivedetail Itisrecommendedthatallguaranteesspecify a theapplicantb thebeneficiaryc theguarantord areferencenumberorotherinformationidentifyingtheunderlyingrelationship e areferencenumberorotherinformationidentifyingtheissuedguaranteeor inthecaseofacounter guarantee theissuedcounter guarantee Shouldspecifytheinstructingparty 17 URDG758 Article8ContentofinstructionsandguaranteesItisrecommendedthatallguaranteesspecify f theamountormaximumamountpayableandthecurrencyinwhichitispayable g theexpiryoftheguarantee h anytermsfordemandingpayment i whetherademandorotherdocumentshallbepresentedinpaperand orelectronicform j thelanguageofanydocumentspecifiedintheguarantee andk thepartyliableforthepaymentofanycharges ThechangestoURDG458 18 URDG758 Article9ApplicationnottakenupWhere atthetimeofreceiptoftheapplication theguarantorisnotprepared ortheguarantorisunabletoissuetheguarantee theguarantorshouldwithoutdelaysoinformthepartythatgavetheguarantoritsinstructions TherequesttoissueadomesticguaranteesubjecttoURDG 19 URDG758 Article10AdvisingofguaranteeoramendmentAdviceaguarantee satisfytheapparentauthenticity andadviceaccuratelyreflectsthetermsandconditionsofguaranteeAnadvisingpartyorasecondadvisingpartyadvisesaguaranteewithoutanyadditionalrepresentationoranyundertakingwhatsoevertothebeneficiary Ifapartycannotsatisfytheapparentauthenticityandelectsnonethelesstoadvisethatguarantee thepartyshouldstatethesame Advisingaguaranteeshouldwheneverpossibleusethesamepartytoadviseanyamendmenttothatguarantee asecondadvisingparty 20 URDG758 Article11AmendmentAnamendmentmadewithoutthebeneficiary sagreementisnotbindingonthebeneficiary Thebeneficiarymayrejectanamendmentoftheguaranteeatanytimeuntilitnotifiesitsacceptanceoftheamendment ormakeapresentationthatcompliesonlywiththeguaranteeasamended Partialacceptanceofanamendmentisnotallowedandwillbedeemedtobenotificationofrejectionoftheamendment Aprovisioninanamendmenttotheeffectthattheamendmentshalltakeeffectunlessrejectedwithinacertaintimeshallbedisregarded Whatdoes compliesonly mean 21 URDG758 Article12Extentofguarantor sliabilityundertheguaranteeAguarantorisliabletothebeneficiaryonlyinaccordancewith thetermsandconditionsoftheguaranteeand theserulessofarasconsistentwiththosetermsandconditions Uptotheguaranteeamount Beyondtheexpirydate 22 URDG758 Article13VariationofamountofguaranteeAguaranteemayprovideforthereductionortheincreaseofitsamountonspecifieddatesorontheoccurrenceofaspecifiedeventwhichunderthetermsoftheguaranteeresultsinvariationofitsamount andforthispurposetheeventisdeemedtohaveoccurredonly a whenadocumentspecifiedintheguaranteeasindicatingtheoccurrenceoftheeventispresentedtotheguarantor orb ifnotsuchdocumentisspecifiedintheguarantee whentheoccurrenceoftheeventbecomesdeterminablefromtheguarantor sownrecordsorfromanindexspecifiedintheguarantee 23 URDG758 Article14PresentationApresentationshallbemadetotheguarantor attheplaceofissue orsuchotherplaceasisspecifiedintheguaranteeand onorbeforeexpiryApresentationhastobecompleteunlessitindicatesthatitistobecompletedlater Inthatcase itshallbecompletedbeforeexpiry Eachpresentationshallstatetheguarantor sreferencenumberoftheguarantee Ifitdoesnot thetimeforexaminationofademandstartonthedateofidentification Documentsissuedbyapplicantorbeneficiaryshallbeinthelanguageoftheguarantee Anyotherperson anylanguage Thefunctionofthestatement presentationtobecompletedlater 24 URDG758 Article14PresentationAguaranteeindicatespresentationinelectronicform theguaranteeshouldspecifytheformat thesystemforthedatadeliveryandtheelectronicaddressforthatpresentation Ifnotspecify presentedinanyelectronicformatauthenticatedorinpaperformareacceptable Aguaranteeindicatespresentationinpaperform mayuseanymodeofdeliveryunlessexcludedbytheguarantee Aguaranteedoesnotindicateinelectronicorpaperform anypresentationshallbemadeinpaperform Rejectapresentationinelectronicformwhenformofpresentationisnotspecified 25 URDG758 Article15RequirementsfordemandAdemandundertheguaranteeshallbesupportedastatement indicatinginwhatrespecttheapplicantisinbreachofitsobligationsundertheunderlyingrelationship Thestatementmaybeinthedemandorinaseparatesingeddocumentaccompanyingoridentifyingthedemand Ademandunderthecounterguaranteeshallbesupportedbyastatementindicatingthatsuchpartyhasreceivedacomplyingdemandundertheguaranteeorcounterguarantee Theaboverequirementappliesexcepttotheextendtheguaranteeorcounter guaranteeexpresslyexcludesthisrequirement Exclusiontermssuchas Thesupportingstatementunderarticle15 a b isexcluded satisfytherequirementofthisparagraph Suchas 26 URDG758 Article15RequirementsfordemandNeitherthedemandnorthesupportingstatementmaybedatedbeforethedatewhenthebeneficiaryisentitledtopresentademand Anyotherdocumentmaybedatedbeforethatdate Neitherthedemand northesupportingstatement noranyotherdocumentmaybedatedlaterthanthedateofitspresentation 27 URDG758 Article16InformationaboutdemandTheguarantorshallwithoutdelayinformtheinstructingpartyor whereapplicable thecounter guarantorofanydemandundertheguaranteeandofanyrequest asanalternative toextendtheexpiryoftheguarantee Thecounter guarantorshallwithoutdelayinformtheinstructingpartyofanydemandunderthecounter guaranteeandofanyrequest asanalternative toextendtheexpiryofthecounter guarantee InformNon complyingdemand 28 URDG758 Article17PartialdemandamountofdemandPartialdemand AdemandmaybemadeforlessthanthefullamountavailableMultipledemand MorethanonedemandmaybemadeMultipledemandprohibited onlyonedemandcoveringallorpartoftheamountavailablemaybemadeonedemandisrejected anotherdemandcanbemadeonorbeforeexpiryoftheguarantee Itisanon complyingdemandif itisformorethantheamountavailableundertheguarantee oranysupportingstatementorotherdocumentsrequiredbytheguaranteeindicateamountsthatintotalarelessthantheamountdemanded Thecaselessthanandmorethan 29 URDG758 Article18Separatenessofeachdemanda Makingademandthatisnotacomplyingdemandorwithdrawingademanddoesnotwaiveorotherwiseprejudicetherighttomakeanothertimelydemand whetherornottheguaranteeprohibitspartialormultipledemands b Paymentofademandthatisnotacomplyingdemanddoesnotwaivetherequirementforotherdemandstobecomplyingdemands 30 URDG758 Article19ExaminationTheguarantorshalldetermine onthebasisofapresentationalone whetheritappearsonitsfacetobeacomplyingpresentation Datainadocumentrequiredbytheguaranteeshallbeexaminedincontextwiththatdocument theguaranteeandtheserules Dataneednotbeidenticalto butshallnotconflictwith datainthatdocument anyotherrequireddocumentortheguarantee Theguarantorwillacceptadocumentifitscontentappearstofulfilthefunctionofthedocumentrequiredbytheguarantee Anysignaturewillbeacceptedifasingeddocumentisrequired Adocumentisnotrequiredbutpresented itwilldisregardedandmaybereturnedtothepresenter Howtohandlethedocumentnotrequired 31 URDG758 Article19ExaminationTheguaranteeneednotrecalculatethebeneficiary scalculationsunderaformulastatedorreferencedinaguarantee Theguarantorshallconsiderarequirementforadocumenttobelegalized visaed certifiedorsimilarassatisfiedbyanysignature mark stamporlabelonthedocumentwhichappearstosatisfythatrequirement Recalculatetheapplicant scalculations 32 URDG758 Article20Timeforexaminationofdemand paymentIfapresentationofademanddoesnotindicatethatitistobecompletedlater theguarantorshall withinfivebusinessdaysfollowingthedayofpresentation examinethatdemandanddetermineifitisacomplyingdemand Thisperiodisnotshortenedorotherwiseaffectedbytheexpiryoftheguaranteeonorafterthedateofpresentation However ifthepresentationindicatesthatitistobecompletedlater itneednotbeexamineduntilitiscompleted Placeforpayment Paymentistobemadeatthebranchorofficeoftheguarantororcounter guarantorthatissuedtheguaranteeorcounter guaranteeorsuchotherplaceasmaybeindicatedinthatguaranteeorcounter guaranteeExaminethepresentationtobecompletedlater 33 URDG758 Article21CurrencyofpaymentPayacomplyingdemandinthecurrencyspecifiedintheguaranteeIf onanydateonwhichapaymentistobemadeunderguarantee theguarantorisunabletopayinsuchcurrencyduetoanimpedimentbeyondcontrol oritisillegalunderthelawoftheplacetomakepaymentinsuchcurrency theguarantorshallmakepaymentinthecurrencyoftheplaceforpaymenteveniftheguaranteeindicatesthatpaymentcanonlybemadeinthecurrencyspecifiedintheguarantee theinstructingpartyorthecounterguarantorshallbeboundbyapaymentinsuchcurrency theguarantororcounterguarantormayelecttobereimbursedeitherinactualpaymentcurrencyorcurrencyspecifiedintheguarantee Exchangerisk 34 URDG758 Article21CurrencyofpaymentPaymentorreimbursementinthecurrencyoftheplaceforpaymentunderArticle21paragraph b istobemadeaccordingtotheapplicablerateofexchangeprevailingtherewhenpaymentorreimbursementisdue However iftheguarantorhasnotpaidatthetimewhenpaymentisdue thebeneficiarymayrequirepaymentaccordingtotheapplicablerateofexchangeprevailingeitherwhenpaymentwasdueoratthetimeofactualpayment theapplicablerateofexchangeprevailing 35 URDG758 Article22TransmissionofcopiesofcomplyingdemandTheguarantorshallwithoutdelaytransmitacopyofthecomplyingdemandandofanyrelateddocumentstotheinstructingpartyor whereapplicable tothecounter guarantorfortransmissiontotheinstructingparty However neitherthecounter guarantornortheinstructingparty asthecasemaybe maywithholdpaymentorreimbursementpendingsuchtransmission WhenC Guarantorfindthedemandtoguarantorisnotcomplying 36 URDG758 Article23Extendorpaywherecomplyingdemand arequesttoextendorpay theguarantormaysuspendpaymentforaperiodnotexceeding30calendardaysfollowingitsreceiptofthedemand wherecomplyingdemand arequesttoextendorpay thecounterguarantormaysuspendpaymentforaperiodnotexceedingfourcalendardayslesstheperiodabove Theguarantorshallwithoutdelayinformtheinstructingpartyorcounterguarantoroftheperiodofsuspensionofpaymentundertheguarantee Sodoescounterguarantor acasestudy 37 URDG758 Article23ExtendorpayThedemandforpaymentisdeemedtobewithdrawniftheperiodofextensionrequestedisgrantedintime Theguarantororcounterguarantormayrefusetograntanyextensionifinstructedtodosoandshallthepay Theguarantororcounterguarantorshallwithoutdelayinformthepartyformwhomithasreceiveditsinstructionsofitsdecisiontoextendortopay 38 URDG758 Article24Non complyingdemand waiverandnoticeGuarantormayrejectnon complyingdemandinitssolejudgementorapproachforawaiverofthediscrepanciesfromtheinstructingpartyorcounterguarantorapplicable Sodoescounterguarantor Obtainingthewaiverofthecounter guarantororoftheinstructingpartydoesnotobligetheguarantororthecounter guarantortowaiveanydiscrepancy Givethenoticeofrejectionornotwhenpaymentofnon complyingdemand 39 URDG758 Article24Non complyingdemand waiverandnoticeWhentheguarantorrejectsademand itshallgiveasinglenoticetothateffecttothepresenterofthedemand Thenoticeshallstate i thattheguarantorisrejectingthedemand andii eachdiscrepancyforwhichtheguarantorrejectsthedemand Suchnoticeshallbesentwithoutdelaybutnotlaterthanthecloseofthefifthbusinessdayfollowingthedayofpresentation Aguarantorfailingtoactinaccordancewithabovementioned shallbeprecludedfromclaimingthatdemandandanyrelateddocumentsdonotconstituteacomplyingdemand 40 URDG758 Article25ReductionandterminationTheamountpayableundertheguaranteeshallbereducedbyanyamount i paidundertheguarantee ii resultingfromtheapplicationofarticle13 oriii indicatedinthebeneficiary ssignedpartialreleasefromliabilityundertheguarantee Whetherornottheguaranteedocumentisreturnedtotheguarantor theguaranteeshallterminate i onexpiry ii Whennoamountremainspayableunderit oriii onpresentationtotheguarantorofthebeneficiary ssignedreleasefromliabilityundertheguarantee Guaranteeterminatedwhenguaranteedocumentreturned 41 URDG758 Article25ReductionandterminationIftheguaranteeorthecounter guaranteestatesneitheranexpirydatenoranexpiryevent theguaranteeshallterminateafterthelapseofthreeyearsfromthedateofissueandth