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자료유형
학술저널
저자정보
저널정보
한국국제상학회 국제상학 국제상학 제25권 제1호
발행연도
2010.1
수록면
187 - 208 (22page)

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In cooperation with the Commission on Commercial Law and Practices and the Commission on Banking Techniques and Practice of ICC, the URDG458 has been revised under the new name, URDG758. This new demand guarantee rule is to be used officially from July 2010. URDG758 has been substantially influenced by UCP600 and, to some extent, ISP98. The new URDG, for instance, accommodates the preclusion rule, the rules of issuance of the notice of rejection, and the treatment of non-documentary conditions etc., which are contained in UCP600 and several related points from ISP98. URDG758 is also intended to reflect and guide some critical practices (such as the 30day rule in several areas explained in this paper) among banks, project owners and contractors. With these practical advances over the previous URDG458 and less complicated content compared to ISP98, URDG758 has become more beneficial especially to those which are engaged in factory construction and ship-building. Moreover, these 3 industries are crucial for Korean economic growth, and therefore, practitioners in those industries and bankers need to thoroughly understand URDG758.

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