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Demand guarantees and Standby Letters of Credit.

Demand guarantees and Standby Letters of Credit.

Mar 14, 2020

A parallel introduction to demand guarantees, standbys and letters of credit

  1. Definition and purposes of a demand guarantee.

  2. The structure of a demand guarantee.

  3. The legal nature of a demand guarantee.

  4. Fundamental principles of demand guarantees: the independence.

  5. Documentary character of the guarantee.

  6. Non-documentary conditions in demand guarantees.

  7. The Principle of Strict Compliance: the requirement of compliance of the demand with the terms of the guarantee

  8. Key elements in a demand guarantee.

  9. Calling of a demand guarantee.

 

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