Program Name

Demand Guarantee

Program Content:

  • Laws of demand guarantees.
  • ICC Uniform Rules for Demand Guarantees Publication 458.
  • Laws governing Demand Guarantees.
  • Protect yourself from Money Laundering and Fraud.
  • Types of Guarantees and Sureties.
  • Claims and Demands for Payment.
  • Extend or Pay.
  • Reservations of Rights.
  • Protect yourself from unfair claims.
  • Conflict of Interest.
  • Responsibilities and obligations.
  • Parties and Issuers.
  • Amendments, Presentation and Demand for Extension or pay.
  • Closure on expiry date.
  • Examinations.
  • Transfer, assignment, and transfer by operative of law. Conflict of interest and laws.

Benefits to You and Your Organization:

  • Understand the different types of demand guarantees.
  • Understand how to avoid fraud and money laundering while handling guarantees.
  • How charges are applied.

Methodology:

  • Lecture-discussion and life case studies for discussions.

Language:

  • English and / or Arabic.

Duration:

  • 6 Training Hours.