DCW Monthly: May 2026
It's been just under two months since the ICC Banking Commission voted against revising UCP 600, but the
Latest news (Page 81)
DCW Updates
Blocked after Presentation: Another Layer of Concern
Should an issuing bank pay if presented documents comply, but it learns of recent news that an entity involved within
DCW Articles
The Myth That the UCP is “Law”
In this Lowdown from the Editor, Professor James E. Byrne opines on the misplaced status some afford to UCP as the LC community awaits UCP revision.
Jul/Aug 2006
Inoperative Conditions
So-called “inoperative conditions” regularly trouble LC users because there are both appropriate and inappropriate ways of utilizing them. Such conditions
January 2006
Automatic Extension – Notice of Non-Extension
The Problem UCC 5-106(b) provides: “After a letter of credit is issued, rights, and obligations of a beneficiary, applicant,
DCW Litigation Digest
Redback Networks, Inc. v. Mayan Networks Corp. [2004]
How LC Proceeds Impact Bankruptcy Damage Caps: Explore how a U.S. court ruled LC proceeds as security deposits under bankruptcy caps, reshaping landlord claims and issuer risks.
DCW Litigation Digest
BII Finance Co. v. U-States Forwarding Services Corp. [2002]
Case deals with bill of lading consigned to order without naming a person to whose order it was consigned and party which bears the risk of delivery without having taken up the bill of lading.
DCW Text & Forms
ICC Opinion R505 / TA537 (2002) – When a Non-Bank Issues a Letter of Credit
Because of widespread interest in this subject, the ICC Banking Commission decided to post this Official Opinion to its website. Although the title includes reference to UCP 500 Articles 1 and 2, this Opinion is applicable to UCP 600 and is evidence of international standard banking practice.
DCW Litigation Digest
Solo Industries UK, Ltd v. Canara Bank [2001]
Part of the Solo Industries frauds, this is the appellate court review of the trial court. Beneficiary Solo Industries sued issuer Canara Bank for wrongful dishonor.
DCW Litigation Digest
3Com Corporation v. Banco Do Brasil, S.A. [1998]
3Com Corporation v. Banco Do Brasil, S.A. No. 97 Civ. 3819 (SS), 2 F. Supp. 2d 452 (S.D.