Section two expounds the risks to which the guarantor is exposed , including risks from applicants , beneficiaries , guarantee provisions and counter - guarantee , etc .
2.
Since entered 21st century on , global trade protectionism is somewhat burgeoning , and the trade frictions that counter - dumps against - subsidy and counter - guarantee method are as major means has become a " war of no gunpowder smoke " in all countries ' developments
3.
Section one demonstrates the risks to which the applicant is exposed , including the inherent risks of guarantee itself , risks associated with " open date " of period of validity , risks resulting from legal provisions and customs in different countries , extra risks to applicants because the guarantee beneficiary is a non - contracting party , risks incurred by guarantee transfer and counter - guarantee risks , etc .
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