DCW Monthly: May 2026
It's been just under two months since the ICC Banking Commission voted against revising UCP 600, but the
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DCW Text & Forms
Inappropriate References to Agency Revisited
Further to DCW’s Nov/Dec 2021 Feature, “When is a Guarantee ‘Issued’?”, and comments on how US Revised UCC Article 5 brought clarity to determining when an LC was issued, DCW reprints here the section of a 1993 Study on inappropriate reliance on agency principles.
