ONE GUARANTEE ISSUED AGAINST TWO OR MORE COUNTER-GUARANTEES Mr. Old Man will get back here soon! QUESTION Dear Mr. Old Man, I am facing to a difficult case relating to bank guarantees subject to URDG 758. Please kindly give me your opinion. We have received two counter-guarantees (Counter-guarantee No. 1 and Counter-guarantee No. 2) from two different counter-guarantors instructing us to issue one bid guarantee for USD 1,000,000.00 … Read More