Demand_Guarantees_and_Unfair_Calling_of_Guarantees.pdf

Demand_Guarantees_and_Unfair_Calling_of_Guarantees.pdf

  1. 1、本文档共6页,可阅读全部内容。
  2. 2、有哪些信誉好的足球投注网站(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
  3. 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载
  4. 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
Demand_Guarantees_and_Unfair_Calling_of_Guarantees

Newsletter No 62 (EN) ? Lorenz Partners 2009 Demand Guarantees and Unfair Calling of Guarantees August 2009 Newsletter No 62 (EN) Demand Guarantees and Unfair Calling of Guarantees ? Lorenz Partners 2009 Page: 2 of 6 Tel.: +66 (0) 2 287 1882 Fax: +66 (0) 2 287 1871 e-mail: info@lorenz.co.th V:\AA Sample Forms and Publications\AA Newsletters\Full_Versions\N062_EN_DE_IN_Demand Guarantees and Unfair Calling of Guarantees_08_09.doc 1. Introduction In international trade, importers are particularly exposed to the risk that the other part, the exporter, will not be able to perform its contractual duties. Be- sides the commercial risks of insolvency and protracted default, the exporter may become incapable of performing its duties due to the risks attached to selling to public or private entities in territories, where political factors may have an im- pact. Such political risks are e.g. the cancellation of import or export licenses, the imposition of embargos or frustration of contract due to war or confiscation. Importers in international trade therefore often wish to have a security that the exporter will perform his obligations. In order to secure the contract, an ex- porter may be required to provide a guarantee that takes the form of a demand guarantee. Whereas a letter of credit (L/C) would provide security for the exporter against non-payment, a demand guarantee provides protection to the importer against non-, late or defective performance by the exporter or contractor. Many contractors issue guarantees in the form of tender guarantees (also “bid guaran- tees”), advance payment or stage payment guarantees, performance or retention bonds. The following newsletter is meant to give a short overview on the chara

您可能关注的文档

文档评论(0)

l215322 + 关注
实名认证
内容提供者

该用户很懒,什么也没介绍

1亿VIP精品文档

相关文档