DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
Latest news (Page 50)
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
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
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
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
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
DCW Updates
Risks of Email Presentation under LCs Addressed in ICC Briefing Paper
error in initial date in DCW PDF but fixed here.
DCW Updates
Warehouse Woes: Is Foshan to be the Next Qingdao?
Another troubling commodities financing controversy is unfolding in China that bears stark similarities to the Qingdao warehouse scandal of 2014,
DCW Updates
OFAC Sanctions 4 Entities for Aiding Sudanese Conflict
On 1 June 2023, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions controls four companies
DCW Updates
Almond Ailments: Seller Finds Jurisdiction a Tough Nut to Crack
Does an NY court have jurisdiction over an Indian collecting bank that is alleged to have violated the URC 522 for neither collecting and remitting funds to pay for shipments?