Urdg 758 Article 15a |link|

The demand must not contradict any other supporting documents required by the guarantee. Can Article 15(a) Be Excluded?

Many practitioners confuse URDG 758 Article 15(a) with (document examination under documentary credits). While similar, the nuance is vital: urdg 758 article 15a

Under URDG 758 Article 15(a), when a beneficiary presents a demand that includes a request for extension instead of payment (a common tactic under Article 19), the guarantor must examine that request on its face. The demand must not contradict any other supporting

Article 15(a) protects the of demand guarantees. Beneficiaries get paid quickly if they follow the rules. Applicants must negotiate guarantee terms to include verifiable, objective documents – not rely on the bank’s judgment of fairness. urdg 758 article 15a