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Vol 23 No 6 June/July 2018

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Cover of Drafting Commercial Agreements

Drafting Commercial Agreements

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Demand Guarantees in International Trade

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ISBN13: 9780421437708
ISBN: 0421437707
Published: September 1993
Publisher: Sweet & Maxwell Ltd
Country of Publication: UK
Format: Hardback
Price: Out of print



Demand Guarantees in International Trade explains in clear, practical terms how a demand guarantee works, the procedure involved in setting up and gaining benefit from it, and the problems which should be avoided.

  • Precedent documents illustrate the variations to be encountered in international commercial practice adding practicality to the text and illustrating potential drafting pitfalls
  • There is a thorough explanation of all aspects of demand guarantees, including sub-contracts and joint ventures; costs of issuing guarantees and unfair calling insurance; and the ways in which risks can be controlled.

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Subjects:
International Trade
Contents:
Include: The source and nature of guarantees. The text of guarantees. Unfair demands (anticipating them and controlling them). Project guarantees. The cost of issuing demand guarantees. Recourse-worthiness. Corporate guarantees. The international code of practice. Grading and controlling risks. The full text of the ICC Rules of Demand Guarantees - the 458 Rules published in 1992 and the earlier 325 Rules - the ICC Uniform Rules for Contract.