DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
358 articles
DCW Updates
ICC Releases Draft Opinions for November 2026 Technical Session
Four draft opinions, two of which dealing with insurance documents and war risk exclusion wording, will be discussed in the
DCW Updates
Court Rules on Disputed “Payment from Applicant” Condition in Weifang v. Euro Exim
The ruling in Weifang JS Trading Co. v. Euro Exim Bank centered on treatment of the Field 47A payment term
DCW Updates
Lloyds Issues, Commerzbank Completes eUCP LC
Commerzbank has announced completion of its first letter of credit involving electronic presentation of digital documents.
DCW Updates
US Treasury Imposes Record Penalties against Bank of America
On 13 October 2026, the US Department of the Treasury announced that three of its agencies have imposed enforcement actions,
DCW Updates
Digital Trade Forum Advances the New Reality
Talk of a trade’s digital transformation is in the air, but ICC UAE convened a focused stakeholder forum to
DCW Updates
Swift Accepts Request to Postpone SR 2026
With the latest annual update to formats and rules on the Swift network approaching in November, Swift agreed to a
DCW Updates
FinCEN Ends Beneficial Ownership Reporting Requirement for US Entities
Effective 14 August 2026, a final rule issued by the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) permanently
DCW Updates
Digital LC Showcases Dual Importance of MLETR-Aligned Law, eUCP
In what is believed to be the first eLC issuance of its kind, Societe Generale has announced its role as
DCW Updates
Alleged SBLC Monetization Scheme Goes to Arbitration
An action centering on two allegedly fraudulent schemes, including one to induce participation in a high-return investment involving the
DCW Updates
ICC Finalizes Six Opinions at July 2026 Session
At its quarterly meeting on 21 July 2026, the ICC Banking Commission reviewed and finalized six Opinions, including four dealing
DCW Updates
ICC Banking Commission Updates on Its UCP Educational Push
Beyond discussion and finalization of six ICC Opinions at its quarterly Technical Advisory Session on 21 July 2026, the ICC
DCW Updates
ICC Issues TAB on Force Majeure under UCP
The matter of force majeure was addressed in the first version of UCP[[1]] in 1933 and largely resembles the