The Independent Guarantee in the ship building industry is a common form of risk protection tool for shipyards and ship owners to fulfill the contract. And it became one of the series of legal documents of shipbuilding contracts indispensable. However, what the legal status of an independent guarantee in ship building contract is? How will it safeguard the interests of parties to the contract? And what is the conditions and the legal consequences of the transfer of the independent guarantee? All they became...