August 2026
DCW Monthly: August 2026
Every industry eventually meets the bill for a problem it saw coming and filed away for later. Michael Byrne, IIBLP&
351 articles
(Page 16)
DCW Updates
Dubai Hosts Global Trade Facilitation Summit 2023
The 2nd Global Trade Facilitation Summit (GTFS2023), themed “Trade Transformation and Technology”, took place at Dubai Chambers, Dubai, UAE, 13-17 March 2023.
DCW Updates
Standard Chartered’s Sustainable Export LC Programme Takes Root
In August 2022, Standard Chartered announced successful execution of its first Green Trade Export Letter of Credit (LC) programme. The
DCW Updates
In a Word, Absurd
Seeking monetary damages of “$800.00 billion dollars” plus “$300 billion cash down payment for 20 years guarantee on 705
DCW Updates
LC Implications from the Fallout of the SVB, Signature Bank Failures
The abrupt mid-March 2023 closures of Silicon Valley Bank (SVB) and Signature Bank sent shockwaves through the US banking
DCW Updates
Pakistan Prioritizes LCs for Tea
In advance of Ramadan 2023, the Pakistan government listed tea as an essential commodity in order to meet high domestic demand for tea, and the government ordered State Bank of Pakistan to issue mandatory instructions for banks to open letters of credit for tea, declaring tea a ‘primary import’.
DCW Updates
ICC Introduces eUCP Directory Project
The ICC Banking Commission has announced its intention to compile an eUCP Directory in order to bring attention to banks’ capacities to handle eUCP letters of credit.
DCW Updates
Standby LCs and Non-Extension Clauses
Bankers share opinions on what it means when a non-extension notice is sent more than 60 days prior to expiry, but then LC extended 6 months anyway.
DCW Updates
Beneficial Ownership Reporting Guidance Released by FinCEN
This is the first installment of FinCEN's guidance materials to assist the public in understanding beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA).
DCW Updates
ICC Prepares Alignments of ISBP745, eRules
Following its decision to initiate a six-month review of all 140 ICC Opinions issued since formulation of ISBP745 in
DCW Updates
English Court Says Sanctions Did Not Prevent Bank from Paying under LCs
Further to previous reporting (“Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes”, April 2022 DCW 6), the
DCW Updates
Euros Instead of Dollars Due to Force Majeure Clause?
Court of Appeal allows payment in Euros despite contract in US Dollars. Implications for LCs & guarantees? RTI vs. MUR case questions currency and force majeure clauses' role in trade finance.
DCW Updates
ICC Re-Releases Guidance Papers on Aspects of UCP Use
ICC republished four guidance papers on recommended principles and usages around the UCP600 rules in February 2023. The collection of