: Banks deal with documents, not with the goods, services, or performance to which the documents relate.
| Feature | URDG 458 (old) | URDG 758 (current) | |--------|----------------|----------------------| | Expiry approach | Fixed date or event | Clear rules for non-documentary conditions | | Partial drawing | Allowed unless prohibited | Prohibited unless expressly allowed | | Extension of expiry | Unclear | Standardized 30-day “extend or pay” | | Force majeure | Brief | Detailed (grace period added) | urdg 458 pdf