| 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) |
Because ICC publications are copyrighted, from official sources. However, you can: urdg 458 pdf
While URDG 458 was a massive success, the evolving landscape of international finance led to the creation of , which came into effect on July 1, 2010 . The newer version refined the rules to be even clearer and more comprehensive, addressing modern issues like electronic presentations and force majeure. Conclusion | Feature | URDG 458 (old) | URDG