DCW Monthly: March 2026
This month’s content highlights a familiar reality in letter of credit law & practice: structure alone does not guarantee
Latest news (Page 26)
DCW Updates
100% Electronic B/Ls by 2030: The Numbers Behind the Number
On 15 Feb 2023, DCSA members pledged to issue 50% of bills of lading (B/Ls) electronically by 2028 and 100% by 2030, aiming to cut costs and boost global trade.
DCW Updates
Bank of England Breaks with Basel, keeps 20% CCF for Trade Instruments
The Bank of England reversed its plan to raise trade finance capital requirements from 20% to 50%, aligning with the EU approach but raising insurance-related requirements.
DCW Updates
Righting an Irregular Presentation … with a Twist
Beneficiary presented late shipment documents under an LC. The issuing bank deducted penalties without a refusal notice, raising debate on clause 47A-7, UCP 600, and consent.
DCW Updates
Pakistan Looks to Deepen Trade & Energy Ties with Russia
Seeking to capitalize on recent meetings with high level officials of Russia and following a July 2024 session of the
DCW Updates
Ethiopian Importers Harmed by Country’s Abrupt Foreign Exchange Reforms
Ethiopia’s central bank’s simultaneous announcement and roll out of major foreign exchange reforms on 29 July 2024 caught
DCW Updates
Saudi IT Firm Secures Financing Facility from Riyad Bank
Saudi IT firm, Al Moammar Information Systems Company (MIS), obtained a SAR 252 million (USD 67m) financing facility from Riyad
DCW Scam Survey
SEC Charges Duo for Their Roles in Prime Bank Program
After US federal government agencies warned that “prime bank” instruments lacked legitimate use in the mid-1990s and the US Securities
DCW Scam Survey
Bangladesh Investigators: Insurer Embezzled Funds Linked to 25 LCs
Two officials from Asia Insurance, Bangladesh, were fined for embezzling BDT 22.7M via forged documents linked to TVS Auto.
DCW Scam Survey
Indian Firm Using LCs, Accused of Cheating Bank
India’s Central Bureau of Investigation (CBI) is looking into a complaint, alleging that a Mumbai-based civil construction firm and
DCW Articles
Confirmation Concerns and Considerations Arising from Strange LC Requirements
When issuing banks insert complex reimbursement terms and self-serving conditions into their credits, it distorts the purpose of the product, causes problems for confirming banks, and drives exporters away from using LCs.
DCW Feature
Analysis and Insights on ISP98 Rule 2.07
DCW Editorial Note: This previously unpublished material reflects the thinking and writing of Professor James E. Byrne over the period
DCW Articles
eDocuments: how harmonization is driving adoption
Argentine lawyer Jorge Riva highlights how ICC rules are already providing an adequate environment for accommodating electronic means and how intense work continues for expanded use of electronic credits.
