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ISP98, A Success Story

A member of the ISP drafting group offers perspective on the vision, birth, development, and future of the international rules built 25 years ago for standby LC practice.

Three Recent ICC DOCDEX Decisions Applying the ISP98 Rules

Recent ICC Doxdex decisions (Nos. 367, 373, 382) interpret ISP98 rules, aiding parties in standby LC transactions.

Vessel Due Diligence: The Need to Treat Vessel Screening as a Key Internal Control

FIs have many risks complying with OFAC maritime sanctions, including the "dark fleet". Read about the economic and environmental risks.

Analysis and Insights on ISP98 Rule 3.07

ISP98 Rule 3.07: Separateness of Each Presentation

Learn More About DCW

What Is DCW? Launched in 1996, DCW (Documentary Credit World) is the trusted resource for legal, regulatory, and practical developments

LC Stats: 4Q23 US Bank LC Issuance Stats