{"@context":"https://schema.org","@type":"DefinedTerm","name":"ICC Uniform Rules for Demand Guarantees","description":"Banks and financial institutions issuing demand guarantees in cross-border trade rely on URDG 758—the ICC Uniform Rules for Demand Guarantees, published by the International Chamber of Commerce. A demand guarantee obliges the guarantor to pay solely on the beneficiary's written demand, with no right to raise defences based on the underlying contract. URDG 758 governs issuance, amendment, transfer, and expiry of these instruments, providing a consistent legal framework across jurisdictions. In tr","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/icc-uniform-rules-for-demand-guarantees","inLanguage":"en","dateModified":"2026-06-24T06:21:52.152125","citation":"https://iccwbo.org/business-solutions/banking-finance/demand-guarantees-standby-letters-of-credit/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/icc-uniform-rules-for-demand-guarantees","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"ICC Uniform Rules for Demand Guarantees · Banks and financial institutions issuing demand guarantees in cross-border trade rely on URDG 758—the ICC Uniform Rules for Demand Guarantees, published by the International Chamber of Commerce. · Quelle: https://iccwbo.org/business-solutions/banking-finance/demand-guarantees-standby-letters-of-credit/"}