New on DCW: The Banker’s Guide to Examination under Documentary Credits
For document examiners and trade finance operations staff, few decisions carry more weight—or more risk—than determining whether a
Latest news (Page 32)
DCW Updates
EU Maintains Capital Requirements for Performance-Related Trade Products
this has links to Feb 2023 DCW item on EU capital requirements
DCW Feature
Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch [2023 EWHC 663]
💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 663 Type of Lawsuit: Beneficiaries sued Confirming Bank that
DCW Updates
Sudan Situation “Extremely Grave”
According to DCW sources, continued fighting between warring forces in Sudan has rendered the situation extremely grave for civilians and
DCW Feature
Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch [2023 EWHC 1071]
💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 1071 Type of Lawsuit: Subsequent hearing on an ancillary
DCW Litigation Digest
Kuliarchar Sea Foods (Cox’s Bazar) Ltd. v. Soleil Chartered Bank [2023]
Seller/Beneficiary moved for default judgment; Issuer alleged previous order required correction.
DCW Articles
Documents Delayed, Beneficiary Learns Hard Way Article 35 Does Not Apply
UCP600 interpretation challenges arise as banks often misconstrue article purposes. Beneficiaries risk losing payment guarantees due to misinterpretation during credit-complying presentations
DCW Litigation Digest
Amboy Bank v. M.V.N. Homes Inc. [2022]
Issuer sued Applicant for reimbursement.
DCW Updates
Energy LEAP Drafts Compliance Clauses for Russian Sanctions
Following coordination of price cap sanctions on Russian origin crude oil and petroleum products first put in place in December
DCW Updates
Pakistan Plan Seeks to Lower LC, Freight Charges for Petro Products
In a move aimed at easing pressures on foreign exchange reserves, Pakistan is designing a bonded bulk storage policy for
DCW Updates
Payra Thermal Power Plant in Bangladesh Resumes Production After Coal Shortage
Bangladesh’s largest power plant has resumed production on 25 June 2023 after a 20-day hiatus caused by a shortage
DCW Updates
Price Checking Goods: Overrated & Underwhelming
For years, compliance specialists within banks have been skeptical that the price checking of traded goods is an effective measure