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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.

ISP98 Form 2 - Model SBLC Providing for Extension

ISP98 Model Form 2 is a template for a Standby Letter of Credit (SBLC) providing for extension and incorporating annexed Form of Payment Demand with Alternative Non-Extension Statement.

ISP98 Form 3 - Model Standby Providing for Reduction

ISP98 Model Form 3 is a template for a Standby Letter of Credit (SBLC) providing for Reduction and that also incorporates an annexed Form of Reduction Demand.

ISP98 Form 4 - Model SBLC Providing for Transfer

ISP98 Model Form 4 is a template for a Standby Letter of Credit (SBLC) providing for Transfer and incorporating a template of a Transfer Demand.

ISP98 Form 5 - Simplified Demand Only SBLC

ISP98 Model Form 5 is a template for a simple Demand Only Standby Letter of Credit (SBLC).

ISP98 Form 6 - Model Counter Standby

ISP98 Model Form 6 is a template for a Model Counter Standby Letter of Credit (SBLC) with Annexed Form of Local Bank Undertaking

ISP98 Form 7 - Model Standby Requiring Confirmation

ISP98 Model Form 7 is a template for a Standby Letter of Credit (SBLC) requiring Confirmation.