Francisco Rodriguez - Documentary Credit World

LCs That Contain a Law and Jurisdiction Clause

Given the success of practice rules and banks’ ability to more readily find resources for the proper interpretation of the rule sets, does it not make sense to avoid inclusion of a governing law or jurisdiction clause?

Automatic Extension LC Issues

The recent case of Illinois DNR v. Regions Bank illustrates the importance of clear wording of automatic extension clauses and issuing banks including a final expiration date in their standbys.

Francisco Rodriguez, CDCS, GLS is an international trade services practitioner.

5 articles

DCW Updates

Poorly Worded LCs and Imprecise Discrepancy Notices

Christopher Byrnes, Francisco Rodriguez Oct 24, 2024

DCW Updates

Righting an Irregular Presentation … with a Twist

Beneficiary presented late shipment documents under an LC. The issuing bank deducted penalties without a refusal notice, raising debate on clause 47A-7, UCP 600, and consent.