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International Standard Demand Guarantee Practice For URDG 758
On 31 March 2021 the ICC Banking Commission approved the new International Standard Demand Guarantee Practice ("ISDGP") as the companion to its Uniform Rules for Demand Guarantees 758 ("URDG").
United KingdomFinance and Banking
Hannaford Turner
Article
Letters Of Credit & Sanctions
A principal characteristic of letters of credit (LCs) is their autonomous nature. For those LCs that incorporate the ICC's Uniform Customs and Practice for Documentary Credits Publication No. 600 (UCP 600),...
United KingdomInternational Law
Hannaford Turner

Article

Case Note: Griffon Shipping LLC v Firodi Shipping Ltd. [2013] EWHC 593

An important decision for the ship sale and purchase market has confirmed that buyers entering into a standard form Memorandum of Agreement do so in the knowledge that they may be liable for the amount of the (unpaid) deposit.

United KingdomTransport

Reed Smith (Worldwide)

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International Standard Demand Guarantee Practice For URDG 758

Letters Of Credit & Sanctions

Case Note: Griffon Shipping LLC v Firodi Shipping Ltd. [2013] EWHC 593