Insurance coverage to protect principals who have issued demand guarantees or bonds against an unfair or abusive call of the bond/guarantee (i.e., one which is not truly based on non-performance by the principal.
Read MoreUnfair competition
Trading and business activities that are dishonest or fraudulent as against the activities of other traders. Unfair competition includes fraudulent advertising, counterfeiting, and similar illegal trade practices.
Read MoreUniform Rules for Collections (URC)
A set of rules published by the International Chamber of Commerce (ICC) to aid bankers, buyers, and sellers in the collections process. The Rules have been prepared to resolve problems that practitioners have experienced in their everyday operations. The URC…
Read MoreUniform Rules for Contract Guarantees (URCG)
The International Chamber of Commerce (ICC) has established a set of contractual rules that may be used for contract guarantees to achieve a fair balance among the legitimate interests of the three parties involved in contract guarantees, the beneficiary, the…
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