August 2026
DCW Monthly: August 2026
Every industry eventually meets the bill for a problem it saw coming and filed away for later. Michael Byrne, IIBLP&
DCW Updates
Libyan Customs and Bank Officials Detained in LC Fraud Scheme
Seventeen customs officials and nine bank employees have been detained in Libya for their alleged involvement in a LYD 1.2 billion (USD 246 million) letter of credit fraud.
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DCW Updates
ICC Finalizes Six Opinions at July 2026 Session
At its quarterly meeting on 21 July 2026, the ICC Banking Commission reviewed and finalized six Opinions, including four dealing
DCW Updates
ICC Banking Commission Updates on Its UCP Educational Push
Beyond discussion and finalization of six ICC Opinions at its quarterly Technical Advisory Session on 21 July 2026, the ICC
DCW Updates
ICC Issues TAB on Force Majeure under UCP
The matter of force majeure was addressed in the first version of UCP[[1]] in 1933 and largely resembles the
DCW Updates
TAB-16 Addresses Three Aspects of Third Party Documents
Although not defined in UCP600, the expression “third party documents” in LC practice is commonly taken to mean documents issued