While URDG is strict, it acknowledges the "abusive demand." A guarantor can refuse payment if there is clear, objective evidence of fraud (e.g., forged documents). But mere contractual disputes between buyer and seller are not fraud.
But what exactly is URDG, and why has the latest revision, , become the global benchmark for security? Let’s break it down. While URDG is strict, it acknowledges the "abusive demand