DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
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This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
Most specialists in the trade finance industry are well aware of multiple court cases in recent years – many from Singapore – about the perils of letters of indemnity (LOIs) being used in lieu of original bills of lading. In a recent discussion, bankers were asked whether they would issue a commercial LC on behalf of a high-valued client which allowed for the presentation of a charter party bill of lading (CPBL), delivery order, or an LOI as a replacement for the full set of original bill of lading. What are the risks associated with issuing such an LC and how might those risks be mitigated?
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
In a highly anticipated ruling, the English High Court concluded that AerCap Ireland Limited and other lenders who lost aircraft
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
Contemporaneously with its release of its latest Draft Opinions on 6 June 2025, ICC issued a one-page memorandum note regarding
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