DCW Monthly: March 2026
This month’s content highlights a familiar reality in letter of credit law & practice: structure alone does not guarantee
25 articles
IIBLP Books
UCP600 Article 36: Force Majeure
An authoritative analytical commentary on UCP 600 Article 36, clarifying the legal and practical implications of force majeure in documentary
DCW Articles
Analysis and Insights on ISP98 Rule 4.18
Explore ISP98 Rule 4.18 on negotiable documents, addressing endorsement, presentation, and transfer in standbys, with analysis and insights.
DCW Feature
Analysis and Insights on ISP98 Rule 2.07
DCW Editorial Note: This previously unpublished material reflects the thinking and writing of Professor James E. Byrne over the period
DCW Articles
Analysis and Insights on ISP98 Rule 3.07
ISP98 Rule 3.07: Separateness of Each Presentation
Commercial LCs
What to Watch For: Six Trends in Letter of Credit Practice (2012)
Looking back at Professor James E. Byrne's 6 predictions for LCs in 2012 - see how they hold up.
DCW Articles
ISP98 Rule 1.04: Analysis and Insights
Unpublished work by Prof. Byrne examines ISP98 Rule 1.04's impact and particular rules, crucial for standby agreement stakeholders.
DCW Feature
Analysis and Insights on ISP98 Rule 1.02
ISP98 Rule 1.02: Relationship to Law and Other Rules
ISP98
ISP98 Interpretation 3: Does Standby also Include Confirmation
In order to ensure that the ISP98 remain current with standards in international standby and guarantee law and practice, the
ISP98 Interpretation
ISP98 Interpretation 2: PRC Independent Guarantee Provisions and ISP98
In order to ensure that the ISP98 remain current with standards in international standby and guarantee law and practice, the
ISP98
ISP98 Interpretation 1: Application to Independent Guarantees
In order to ensure that the ISP98 remain current with standards in international standby and guarantee law and practice, the
ISP98 Model Forms
ISP98 Form 1 - Model SBLC with Payment Demand
ISP98 Model Form 1 is a template for a Standby Letter of Credit (SBLC) that also incorporates an annexed Form of Payment Demand with Statement.
ISP98 Form 11.1 - Model U.S. Government SBLC
ISP98 Model Form 11.1 is a template for a SBLC for federal, state, and local governments in the United States to use in updating and improving their required or permitted forms of SBLC that support underlying obligations to the government.