Refusals under a Payment Guarantee

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Query from K.C.:
Dear all,
I kindly ask your views on the following question:
Facts:
A (demand) payment guarantee
Issued 29 April 2010
The guarantee does not mention applicable rules
Requirement for a demand:
"Value eight banking days after receipt of your first written demand and your written confirmation stating that you delivered the products in accordance with A/M agreement but have not received payment on the due date for the amount claimed hereunder.
Your request for payment has to be accompanied by the following documents:
+ Copy of unpaid commercial invoice
+ Copy of transport document"
The beneficiary presents a demand to the guarantor, and it is refused by the guarantor as follows:
Quote

+ all of the presented transport documents evidence a shipper different than the distributor and moreover, the beneficiary's address to which the goods were consigned differs from the one indicated in the guarantee.
+ the CMR refer to order nos. 64, 65, 67, 69, 70 whereas the invoice refers in addition to order nos. 66 which appears not to have been shipped.
+ the second lorry no. indicated on the invoice and on the corresponding weight and packing list reads ''aaaa'' and differs from the second lorry/plate no. Indicated in the CMR which reads ''bbbb''.
Due to the above we - at present - reject your demand for payment and hold documents at your disposal.
Unquote
Kindly advise:

Is this refusal correct?
Would it have made a difference if the guarantee was issued subject to URDG 458?
Would it have made a difference if the guarantee was issued subject to URDG 758?
Would it have made a difference if the same guarantee was issued after 1 July 2010?
Thanks in advance.
Best regards
K. C.
Head of Trade Products & Business Relations
____________________________________
IV. Co. Ltd.
Trade Finance

A Response to the Query above:
Hi K.,
You don't mention whether the guarantee ...
Kind regards.
R.
R. P.
Partner
Energy/Trade/Commodities
rp****@rs****.com
+44 (0) ## #### ####
R.S. LLP

T.O. Lee's Comments to the Response above:
Dear R.,
I support your view which is what I have encountered in my services.
The bank ...
T. O.

(905) 237-6465

(905) 237-6867