Vessel Due Diligence: The Major Sanctions Risks FIs Face
FIs have many risks complying with OFAC maritime sanctions, including the "dark fleet". Read about the economic and environmental risks.
What to Watch for: Six Trends in Letter of Credit Practice | Revisited
In 2012, Professor James E. Byrne identified six emerging trends affecting the continued value and profitability of LCs. In their capacity as DCW Editorial Advisory Board members, experienced practitioners offer commentary
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The “Jeil Crystal”
Issuer sued Vessel Owner for misdelivery; Vessel Owner alleged wrongful arrest.
Baltimore’s Bridge Collapse: Force Majeure Event (or Not)?
At 1:29 AM on 26 March 2024, the 300-meter container vessel Dali lost power as it was departing from Baltimore (Maryland) harbor. Does this constitute a force majeure event?
Six LC Trends
More Six LC Trends
DCW Updates
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Baltimore’s Bridge Collapse: Force Majeure Event (or Not)?
At 1:29 AM on 26 March 2024, the 300-meter container vessel Dali lost power as it was departing from Baltimore (Maryland) harbor. Does this constitute a force majeure event?
Letter Of Credit Court Cases Under Chinese Bankruptcy Law And Procedures: A Review And Analysis
Explores the legal intricacies of letters of credit in bankruptcy through notable Chinese court cases, highlighting the risks banks face and the importance of collateral in LC transactions.
ISP98 Charts a Different Path to Successful Practice Rules
From Concept to Adoption: the genesis and global impact of ISP98 in international banking law & practice.
ISP98 Rule 1.04: Analysis and Insights
Unpublished work by Prof. Byrne examines ISP98 Rule 1.04's impact and particular rules, crucial for standby agreement stakeholders.
DCW LC Statistics
LC Statistics: 2nd Quarter 2023 US Banks
A detailed review and analysis of the letter of credit issuance statistics from US Banks for the 2nd Quarter of 2023.
DCW Litigation Digest
The “Jeil Crystal”
Issuer sued Vessel Owner for misdelivery; Vessel Owner alleged wrongful arrest.
AECOM Technical Services, Inc. v. Credit Agricole CIB [2023]
No. 653558, slip op. (N.Y. Sup. Ct. Sept. 18, 2023) [USA] Cases Referenced: * Rockwell Intl. Sys., Inc. v. Citibank,
Macquarie Bank Ltd. v. Banque Cantonale Vaudoise [2024]
[2024] EWCH 114 (Comm) [England] Cases Referenced: * Edward Owen Engineering Ltd v. Barclays Bank International Ltd., [1979] QB 159 * Hamzeh
Singapore eGuarantee Template
Singapore eGuarantee TemplateSingapore eGuarantee Template.pdf100 KBdownload-circle
DCW Scam Survey
DCW Conference Report
2023 Americas LC Law Summit: Executive Summary
For the 24th consecutive year, the Institute of International Banking Law & Practice conducted its one-day Americas Letter of Credit Law Summit.
2023 ICC Banking Commission Technical Meeting 24-25 October 2023: Executive Summary
Summary takeaways from the ICC Banking Commission Technical Meeting