ICC Uniform Rules for Demand Guarantees (URDG)

 Including Model Forms

 Implementation Date: 1 July 2010

Related Events: ICC Bulgaria Seminar on the 2010 revision of the Uniform Rules for Demand Guarantees (URDG), Sofia, 12 -13 April 2010 - please see http://www.icc-bulgaria.bg/bg/events/view/10

 The ICC Uniform Rules for Demand Guarantees (URDG), first adopted in 1991, reflect international standard practice in the use of demand guarantees while at the same time balancing the legitimate interests of all parties. In the years since their adoption, the URDG have gained increasingly broad international acceptance and official recognition and use by bankers, traders, industry associations and international organizations including UNCITRAL, FIDIC and the World Bank.

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