DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
DCW Articles
Surrendered Bills of Lading – Strange Path to the Right Result
Surrendered bills of lading are not addressed in UCP or ISBP, so ICC was approached to opine on the topic. Kim Sindberg details the initial ask and the guidance ultimately given.
6 min read
Read next
DCW Updates
ICC Releases Draft Opinions for November 2026 Technical Session
Four draft opinions, two of which dealing with insurance documents and war risk exclusion wording, will be discussed in the
DCW Articles
Analysis and Insights on ISP98 Rule 1.09(c): Electronic Presentations and "Electronic Record" Definition
Unpublished work by Prof. Byrne examines the first of four terms contained in ISP98 Rule 1.09(c) that provide terminology for use in standbys that permit or require presentation by non-paper means.
October 2026
In Memoriam: Boris Kozolchyk
The trade finance world was saddened by the news of the loss of one of our own: Boris Kozolchyk. Below
October 2026
Standby Letter of Credit Automation: Why It Matters
Standby LC portfolios often rest on processes that work until a single point of failure is tested. Here, Nick Mayer, President of Cibar, explains why banks are rethinking how renewals, fees and compliance checks are handled, and where automation strengthens control rather than replacing judgement.
