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Presenter and Guarantor

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Thu, 01/10/2013 - 09:41
sukumarsatyen
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Joined: 01/10/2013
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In following text: -

URDG Article 14(b) permits the presenter to provide the required information for a complying demand in a piecemeal fashion if it records this in its partial presentation and if the presentation is completed before the guarantee expires. This effectively shifts the burden of storing and caring for documentation until a demand is complete from the presenter to the guarantor. Under ISP98, UCP600 and the NYUCC, a bank is permitted to return incomplete, non-complying documents to the presenter.

 

Please help me with difference between presenter and guarantor.

Thank you,

Sukumar

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Sat, 01/12/2013 - 05:43
#1
sukumarsatyen
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Joined: 01/10/2013
URDG

Please help me with URL where I can have complete reference to URDG.

I was not able search it in Google.

Sukumar

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Fri, 01/11/2013 - 02:49
#2
LB
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Joined: 09/02/2010
presenter and guarantor

Deaar Sukumar,

please kindly refer to URDG article 2 for definitions:

Presenter: means a person who makes a presentation as or on behalf of the beneficiary or the applicant, as the case may be.

Guarantor: means the party issuing a guarantee, and includes a party acting for its own account.

you might require to refere to other definitions as well.

 

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