Because standbys and demand guarantees often contain automatic extension clauses, ICC Opinion TA954 offers important lessons for practice and the need for sound drafting of such clauses.

Latest news (Page 20)

DCW Scam Survey

Hin Leong Founder O.K. Lim Sentenced to 17½ Years

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DCW Newsroom Dec 18, 2024

DCW Scam Survey

Court Sentences Five in 30- Year-Old LC Scam Case

The Court of the Special Judge, Central Bureau of Investigation (CBI) in Guwahati, India, has fined and sentenced five individuals

DCW Newsroom Dec 18, 2024

DCW Scam Survey

Indian Agency Begins Return of Property to Choksi Fraud Victims

From 2014 to 2017, Indian businessman Mehul Choksi colluded with associates and bank officials to fraudulently obtain LCs and letters

DCW Newsroom Dec 18, 2024

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Toxic Tonnage: How the Dark Fleet puts the world at environmental & economic risk

The “Dark Fleet” exposes financial institutions to sanctions violations, lawsuits, and losses. Learn how to mitigate these hidden risks.

David Tannenbaum Dec 2, 2024

IIBLP eBooks Now Included with DCW Subscription

We’re excited to announce an exclusive new benefit for DCW subscribers—select IIBLP eBooks are now included as part

Chris Sandler Nov 18, 2024

How to Log Into DCW

How to Log in to DCW

Option 1: Password Login If you are setting up your account for the first time, or are having trouble logging

Team DCW Nov 14, 2024

ICC Sanctions Guidance Paper (2024)

ICC 2024 paper on Sanctions Guidance

source: ICCWBO

DCW Newsroom Nov 7, 2024

DCW Updates

DCW Monthly: October Insights

We’re pleased to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Two

Chris Sandler Oct 30, 2024

DCW Updates

Poorly Worded LCs and Imprecise Discrepancy Notices

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DCW Articles

Should "Negotiation" Continue to be a Form of Availability within UCP?

In the first of his series of DCW articles on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell examines the concept of negotiation.