AdiscussiononindependentguaranteesininternationaltradepracticeRiskandPrevention[Abstract]AlthoughtheindependentguaranteeisnowintheworldcanbewidelyappliedinChina,showingtheuseofannualgrowthinthenumberofthestatusquo,butasapracticinglawyer,Ifoundthatmanycustomerslackthenecessaryunderstandingoftheirrisks,especiallyofthiswriting,inadequacies,pleaseintroducetheconceptofindependentguaranteesonthebasisofcombinationofthecaseinpractice,andrefiningtheuseofindependentguaranteesriskandsummarizesthepreventivemeasures,inordertobeabletobenefitthecustomer,goodreaders,theabilitytocausewing,todiscuss,inordertoachievethecommonpracticewritingpurpose.[PaperKeywords]independentguarantees,riskareas,precautionarymeasuresIndependentguaranteesintheMiddleEastintheearly1970s,whencountriesintheMiddleEastasoil1outputhasaccumulatedvastamountsofwealth,sothattheyhavetheabilitytocarryoutlarge-scaleinfrastructureconstructionandtheconstructionoftheselarge-scaleprojectswiththeWesterncountriestosigntheamounthugecontract.Theseprojectsareusuallylongduration,large-scale,possibleriskofmanylinks,duetothelackofoilexportingcountriesininternationaltradeexperience,wereoftenopponentsfraud,thelossisveryheavy.Inthiscase,theypresentedrequirethecontractororexportertoprovideabasiscontractindependentofeachother,oneuponrequest,willbeabletogetaguaranteeofcompensation,atthesametime,Westerncountrieshadagreedtotheseconditionsinordertostrivefortradingopportunities,therefore,independentguaranteesagrowingnumberof.First,adjusttheinternationalpracticeofindependentguaranteesandtheInternationalCovenantonIndependentguaranteesfirstbegantotakeshapeinthe<<contractguaranteesuniformrules>>(URCG325,butURCG325andnoindependentguaranteesandpropertyguaranteestomakeacleardefinitionofthe2applicationoftheruleinordertoallowindependentguaranteesspace,itallowsthepartiestobeexcludedbyagreementofninebeneficiariesputforwardademandforpaymentmustprovidereasonablejustificationorproofoftheapplicantbreachtheprovisions.internationalpracticeistrulytailoredfortheindependentguarantees458ofthe1992InternationalChamberofCommercePublicationannounced<<SeeUniformRulesforDemandGuarantees“(URDG458andcameintoeffectonJuly1,2010<<demandDemandGuaranteesUniformRules”(January1,URDG758.2000yearstheentryintoforceofthe<<UnitedNationsindependentguaranteesandstandbylettersofcreditConvention>>whilestandardizingtheindependentguaranteesandstandbylettersofcredit,internationalconventions,which“guarantees”collectivelyreferredtoasstandbylettersofcreditandindependentguarantees.Two,thedefinitionofanindependentguarantee>><<SeeUniformRulesforDemandGuarantees(URDG458amoredetaileddefinitionofthe3independentguarantee,2(A)providesthat:“intheseRulestheterm”guaranteemeansbybanks,insurancewrittendemandforpaymentnoticeissuedbythecompanyorotherinstitutionorindividualinwritinginlinewiththeconditionsofsubmissionandcommitmentandguaranteesasmaybespecifiedinanysimilardocuments(suchasacertificateissuedbythearchitectorengineertojudgethebookorarbitrationaward)OKtopayshallanybonds,paymentguaranteesorhowevernamedordescribedinanyotherpaymentundertaking,irrespectiveofitsname.“whileURDG758tothedefinitionasusedinthisRulesforDemandGuarantees:Inaccordancewithsubmittedconsistentwiththeclaimpaymentofanysignedcommitments,regardlessofhownamedordescribed.visibleURDG758inthedefinitiontodistinguishbetweenseveraltypeso...