DCW Readers Speak

P&R Containers Operated outside Regulatory Radar

Indian Cases: Often Misunderstood and Misreported

Having seen your recent installment of DCW Scam Survey covering Indian cases (Indian Importer, Officials Booked for Cheating Tied to

Issuing Standbys Allowing for Presentation of Documents by Email

At the IIBLP’s 2022 Annual LC Survey – West conference (18-19 May), delegates were asked about the general frequency in which their bank issues standbys allowing for documents to be presented electronically. Here, Buddy Baker of Goldman Sachs Bank comments on the poll results.

Banks as Buyers of Goods

ICC was Right to Issue Interpretation of UCP 600 Article 35

The article “My Take on the Need for ICC Interpretation of UCP 600 Article 35” by Pavel Andrle (Oct 2020

Bill of Exchange and Endorsement

Query: If the bill of exchange under an LC states: “Pay to the order of Bank A” and is drawn

Can an LC be Commercial If It Does Not Require a Transport Document?

Query: We are a consultancy acting as applicant on behalf of our client seeking to import. Our bank’s trade

Sanctions Clauses: What’s Your Experience?

Counter Guarantor’s Sanctions Clause: How Does It Impact The Guarantor?

A DCW reader asked about the impact of a specific clause in a counter guarantee issued by a US bank under ISP98 and Saudi law. This clause raises concerns about the presentation of documents and potential payment restrictions.

Confirmed Standbys with Auto Extension Clauses

💡Editor’s Note: This query generated an exchange of emails among a group of DCW Editorial Advisory Board members whose

Avalized Drafts

Query: Can banks in the US avalize accepted drafts? If yes, than what are the guidelines, and if no, why