Because standbys and demand guarantees often contain automatic extension clauses, ICC Opinion TA954 offers important lessons for practice and the need for sound drafting of such clauses.
ZHAO Jing is a business manager in the trade service center at China Construction Bank. She has worked with documentary credits and documentary collections for eight years and has CDCS certification.
Due to its efficiency, convenience, and absence of any geographical restrictions, the electronic insurance policy has become wildly prevalent around the globe.
