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건설공제조합 Construction Guarantee 건설공제조합 Construction Guarantee

 
 
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Demand and Presentation

Presentation of documents

  • Presentation for variation or termination
  • Presentation of demand
  • Presentation of ‘extend or pay’ demand

Transmission of information to instructing party or cunter- guarantor

Examination of demand

  • Acceptance of demand
  • Rejection of demand

Payment of demand and reduction of guarantee

Demand under counter-guarantee

Termination of guarantee