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
(Page 2)
DCW Updates
TAB-16 Addresses Three Aspects of Third Party Documents
Although not defined in UCP600, the expression “third party documents” in LC practice is commonly taken to mean documents issued
DCW Updates
Sharing the Risk
Banks are increasingly turning to risk-sharing structures to manage regulatory capital, control funding costs, and expand capacity.
DCW Updates
Unassignable Guarantees & Applicable Law
Banks are often advised by their lawyers to issue a demand guarantee with the condition that it is unassignable and
DCW Updates
ICC Releases Draft Opinions for July 2026 Discussion
Six Draft Opinions will be taken up by the ICC Banking Commission at its next quarterly Technical Advisory meeting on
DCW Updates
Assessing Where eBL Adoption Stands & How to Advance It
Through real-time feedback from hundreds of industry specialists, a recent webinar conducted by Enigio attempted to capture prevailing attitudes
DCW Updates
Diverse Views Define UCP Revision Voting
There will be no revision of the UCP 600 rules undertaken by the ICC Banking Commission at this time. Additionally,
DCW Updates
ICC Unveils Two-Year UCP, ISBP Action Plan
Billed as a deliberate shift from rule revision to rule optimisation, the ICC Banking Commission’s 2026-2027 Action Plan
DCW Updates
Court Denies CCBC’s Motion, NY Discovery Applies
In White Rock Insurance (SAC) Ltd. v. China Construction Bank Corp., the New York State Supreme Court denied China Construction
DCW Updates
Court’s Interpretation of LC as Conditional Form of Payment Benefits Seller
Even if a seller is responsible for an LC issuing bank’s failure or refusal to pay because it did
DCW Updates
English Court Decides on Legal Nature of “Classic Performance Bond”
In Power Projects Sanayi Insaat Ticaret Ltd v. Star Assurance Co Ltd,[[1]] the English Commercial Court held that under
DCW Updates
Bonded Warehouse Facilities Must be Modernized
Abuse of bonded warehouse facilities by Bangladesh’s readymade garments industry has been gotten worse since the 1990s. By one
DCW Updates
ICC Finalizes Opinion on B/L Freight Details
At its first quarterly discussion session of 2026 on 27 January, the ICC Banking Commission finalized ICC Opinion TA958rev. It