DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
2 min read
From recent discussion among LC specialists, DCW has learned that bankers at some US-based financial institutions are aware of banks in Bangladesh releasing discrepant documents to applicants without acceptance or payment, claiming that their country’s Central Bank (Bangladesh Bank) allows for such practice.
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DCW Articles
The Case against UCP 600 Revision and for Education
Following the majority vote against UCP revision by ICC National Committees, Dave Meynell offers evidence suggesting education and guidance is the prudent way forward.
DCW Updates
Bonded Warehouse Facilities Must be Modernized
Abuse of bonded warehouse facilities by Bangladesh’s readymade garments industry has been gotten worse since the 1990s. By one
DCW Articles
Letters of Credit
In the latest installment of this annual survey article series, Carter Klein examines the most significant letter of credit issues emerging from cases decided in 2024.
DCW Updates
Bangladesh’s Central Bank Cracks Down on Splitting LCs
Since Bangladesh Bank, the country’s central bank, established its Foreign Exchange Policy Department (FEPD) as a dedicated department for