DCW Updates
DCW Monthly: March 2025
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
4 min read
The article “My Take on the Need for ICC Interpretation of UCP 600 Article 35” by Pavel Andrle (Oct 2020 DCW p. 31) caught my eye, not least because he mentions at the start that moderator Vincent O’Brien had asked him, “Did we need an ICC Interpretation of Article 35 of UCP600?” during the IIBLP’s 2020 US/EU Annual LC Survey conference session on “Document Delivery”. Like Mr. Andrle, I also had the pleasure of being a panelist on the same topic moderated by Mr. O’Brien at the IIBLP’s 2020 APAC Annual LC Survey conference in July.
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Following his writing in the past two editions of DCW, Robert Parson examines legal developments on sanctions and sanctions clauses that have arisen in courts recently and implications for LC practice.
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Indian Cases: Often Misunderstood and Misreported
Having seen your recent installment of DCW Scam Survey covering Indian cases (Indian Importer, Officials Booked for Cheating Tied to
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Risky and Uncertain Situations in Negotiation of LCs
The LC concept of negotiation has led to considerable misunderstanding and confusion in practice. In his article, Abdurrahman Özalp attempts to wade through areas of uncertainty and cast light on difficulties that confirming banks and beneficiaries could encounter.
