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Keywords: Reduction clause
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Journal Articles
Journal:
Journal of Korea Trade
Journal of Korea Trade (2019) 23 (1): 35–49.
Published: 04 March 2019
...Sang Man Kim Purpose The purpose of this paper is to review characteristics and functions of an advance payment guarantee (AP-Bond), and to analyse some legal and practical issues concerning a “reduction clause” in an AP-Bond under an overseas construction contract. Design/methodology/approach...
