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 9)
DCW Updates
An Embedded Thorny Clause to Clear Payment of Standby
Issuing bank received a timely demand that complied with the standby. However, on the beneficiary’s cover letter, the payment instruction request to remit payment to their account with a different bank than what is stated on the certification.
DCW Updates
Lack of Funds, Not Force Majeure Event, Prevent Oil Trader from Paying
In Litasco SA v. Der Mond Oil & Gas Africa SA, the English Commercial Court dismissed sanctions and force majeure
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.