From today, Demand Guarantee specialists will be able to register for a new level 4 qualification specifically designed to enhance and validate their professional skills.
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ICC today announced a revised version of the Uniform Rules for Demand Guarantees (URDG) destined to apply to hundreds of billions of dollars of demand guarantees securing monetary and performance obligations in a wide array of international and domestic contracts.
The International Chamber of Commerce (ICC) has published the comprehensive ICC Guide to Uniform Rules for Demand Guarantees (URDG) to serve as a practical tool for users of the rules, which are rapidly gaining recognition as the main international standards for demand guarantee practice.
Prominent members of the ICC Commission on Commercial Law and Practice and the ICC International Court of Arbitration are set to join other experts from business and banking to present a spectrum of ICC’s globally recognized trade tools at an international conference.
The International Chamber of Commerce (ICC) has further expanded its online trade training offering with the launch of URDG Master, advanced online training in Uniform Rules for Demand Guarantees (URDG) 758 and demand guarantees.
Securing an array of international and domestic monetary and performance obligations, ICC's new Uniform Rules for Demand Guarantees (URDG) enter into effect tomorrow.
In an effort to provide greater financial security following the global recession, the International Chamber of Commerce (ICC) today unveiled an extensively revised version of the Uniform Rules for Demand Guarantees (URDG).
The newly revised Uniform Rules for Demand Guarantees have been published and are now available for purchase from the ICC bookstore, giving practitioners a chance to familiarize themselves with the extensive changes before they come into effect on 1 July.
The ICC Banking Commission has given the go-ahead to begin a revision of the ICC Uniform Rules on Demand Guarantees (URDG). The rules, approved by ICC in 1991, have as their objective to balance the conflicting interests of applicants, beneficiaries and guarantors. In simplifying the drafting of demand guarantees, they serve as a model for guarantee practice worldwide.