Liturgy Law (2 ed)

Demand Guarantees in International Trade explains in clear, practical terms how a demand guarantee works, the procedure involved in setting up and gaining benefit from it, and the problems which should be avoided. * Precedent documents illustrate the variations to be encountered in international commercial practice adding practicality to the text and illustrating potential drafting pitfalls * There is a thorough explanation of all aspects of demand guarantees, including sub-contracts and joint ventures; costs of issuing guarantees and unfair calling insurance; and the ways in which risks can be controlled