DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
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China’s revision of its Maritime Law which took effect 1 May 2026 not only ushered in enhancements of parties’ rights and obligations in maritime activities but also clarified the legal status for electronic records to bring it in alignment with the UNCITRAL Model Law on Electronic Transferable Records (MLETR).
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DCW Updates
ICC Digital Standards Initiative Announces Refresh
Grappling with a high degree of concern over increasing fragmentation across the digital trade landscape, the ICC Digital Standards Initiative
DCW Updates
ICC Releases Draft Opinions for November 2026 Technical Session
Four draft opinions, two of which dealing with insurance documents and war risk exclusion wording, will be discussed in the
DCW Updates
Court Rules on Disputed “Payment from Applicant” Condition in Weifang v. Euro Exim
The ruling in Weifang JS Trading Co. v. Euro Exim Bank centered on treatment of the Field 47A payment term
DCW Updates
Lloyds Issues, Commerzbank Completes eUCP LC
Commerzbank has announced completion of its first letter of credit involving electronic presentation of digital documents.