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 Text & Forms
Inappropriate References to Agency Revisited
Further to DCW’s Nov/Dec 2021 Feature, “When is a Guarantee ‘Issued’?”, and comments on how US Revised UCC Article 5 brought clarity to determining when an LC was issued, DCW reprints here the section of a 1993 Study on inappropriate reliance on agency principles.
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Baltimore’s Bridge Collapse: Force Majeure Event (or Not)?
At 1:29 AM on 26 March 2024, the 300-meter container vessel Dali lost power as it was departing from Baltimore (Maryland) harbor. Does this constitute a force majeure event?
DCW Feature
UK Electronic Trade Documents Act 2023
This is the full text of the UK Electronic Documents Act (UK EDA) of 2023, including all definitions, how the law applies, and when it went into effect.
