Latest news (Page 73)

Arab Banking Corp. v. Boustead Singapore Ltd.

UCP600 Revision: A Tune-Up Opportunity for this Old Vehicle Called the “Letter of Credit”

Letters of credit have been around for decades, probably since the 19th Century or earlier. We are now in the

Face Matters Or Facts Matter – On LC Negotiation

Two Charged with Import Fraud in Ethiopia

Investment Company Head Sentenced for Fraud

CBI Registers Case against Bank Employee and Others Accused of Fraud

Maryland Fraudster Sentenced to 37 Years

BasicNet S.p.A. v. CFP Services. Ltd. [2014]

Sanctions Clauses: What’s Your Experience?

Counter Guarantor’s Sanctions Clause: How Does It Impact The Guarantor?

A DCW reader asked about the impact of a specific clause in a counter guarantee issued by a US bank under ISP98 and Saudi law. This clause raises concerns about the presentation of documents and potential payment restrictions.

ISP98 Form 1 - Model SBLC with Payment Demand

ISP98 Model Form 1 is a template for a Standby Letter of Credit (SBLC) that also incorporates an annexed Form of Payment Demand with Statement.

ISP98 Form 11.1 - Model U.S. Government SBLC

ISP98 Model Form 11.1 is a template for a SBLC for federal, state, and local governments in the United States to use in updating and improving their required or permitted forms of SBLC that support underlying obligations to the government.