How to Meet the Requirement of “Payable in Country X” for Bank Guarantees? R818(TA799rev)
ICC Rules Study_ International Chamber of Commerce Opinion This opinion is a review of a bank guarantee required under a letter of credit, with the key point being the requirement of the bank guarantee: Payable in Country X. R818 The credit requires the presentation of a guarantee payable in Country X; the presented guarantee complies … Read more