DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
DCW Litigation Digest
DBS Bank v. Wuxi Humei Thermal Energy & Electric Power Engineering Co., Ltd. [2017]
13 min read
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DCW Articles
Reassessing ISBP: What's Really Needed and Should It be Expanded beyond Examination?
With the immediate future of the existing ISBP now settled, the question turns to whether the industry should consider extending its role in a careful, deliberate way to reflect the realities of modern documentary credit practice.
DCW Litigation Digest
Universal Property Services, Inc. v. Lehigh Gas Wholesale Services, Inc.
Case involved LCs containing a condition that Issuing Bank would only honor demands if Applicant first furnished indemnification to Issuing Bank.
DCW Litigation Digest
Evergrowing Bank Co., Ltd. v. Sambu Shipping Co., Ltd.
Case from China's Jiangsu High People’s Court involving issuing bank suing carrier for compensation for carrier’s release of cargo against applicant’s letter of indemnity in lieu of original bill of lading contains important lessons for banks.
DCW Updates
SWIFT Message Reference Guide Cited in NY Case
A recent decision issued by a New York court demonstrates the importance of proper understanding and use of the SWIFT