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 9)
DCW Articles
Don’t Walk Away: A Tried and Tested Alternative to “Pay and Walk”?
Practice rules for independent undertakings do not address "pay and walk" clauses that are being used in some regions and shunned by others. Here, David Williams puts forth an alternative option for consideration.
DCW Articles
Comments on ICC Banking Commission Opinion TA954
The auto-extension clause used in a UCP 600 standby that gave rise to ICC Opinion TA954 illustrates the serious concerns that can emerge when ambiguous wording is inserted in a credit. Li Huang identifies and examines issues to consider.
DCW Litigation Digest
Ryobi Tactics Pte Ltd. v. UES Holdings Pte Ltd.
Applicant sued, claiming that demands on four performance bonds were unconscionable.
DCW Conference Report
October 2025 ICC Banking Commission Meeting
The ICC Banking Commission’s quarterly meeting, held via Zoom on 21 October 2025, discussed six draft opinions, the status of Technical Advisory Briefings, a call for comments on the future of UCP and ISBP, and the emergence of stablecoin as relates to ICC rules and digital trade law.
DCW Scam Survey
Ex-Owners Ordered to Pay Ukraine’s Privatbank USD 3 Billion
An English High Court on 10 November 2025 ordered the former owners of Ukraine’s largest bank to pay the
ICC Draft Opinion TA949 (2025)
Surrendered Bills of Lading
Excerpted from the DCW Executive Summary of the 2025 ICC Banking Commission Meeting ICC Draft Opinion TA949 Dealing with a
DCW Updates
Singapore Court Upholds Running Account Despite Sham Deals
When businesspeople engage in mutual business dealings and loans to each other under multiple corporate entities they operate but their
DCW Updates
Ugandan Bank Entitled to Recover through Properties Sale
The High Court in Kampala (Uganda) upheld an appellate court decision on 25 July 2025 that Equity Bank lawfully sold
DCW Updates
Edward Stoltenberg to join DCW Editorial Advisory Board
Documentary Credit World is pleased to announce the addition of Edward R. Stoltenberg to our Editorial Advisory Board (EAB). Edward
DCW Updates
Usance Payment at Sight LCs as a Conduit to Supply Chain Finance
Recent writing has explored the notion that usance payment at sight (UPAS) letters of credit serve as an effective trade
DCW Updates
BPCE Issues Europe’s First Defence Sector Bond
In a move indicative of a broader shift in security finance, Groupe BPCE became the first financial institution in Europe
DCW Updates
ISP98 Form 11.1 for U.S. Government SBLCs Now Online
ISP98 Form 11.1 (Model US Government Standby) is the latest addition to IIBLP’s series of model forms available