Commercial LCs

Domestic Correspondent Report: Egypt's New Importation Process

Starting March 1, 2022, Egypt's Central Bank now mandates the use of documentary credits for import operations, discontinuing documentary collections, except for certain exceptions.

A 1945 Jewel About Documentary Credits

A 1945 book displays a number of contemporary equivalents to current day trade finance banking practice.

ARSS – SIPS (JV) v. Union of India [2021]

ARSS – SIPS (JV) v. Union of India involving the seeking of an injunction on payment under a performance guarantee was heard by the Honourable Shri Sanjay K. Agrawal and Shri Arvind Singh Chandel of the High Court of Chhattisgarh at Bilaspur.

Egypt’s Central Bank Mandates LC Use for Imports

The Central Bank of Egypt announced in mid-February 2022 that Egyptian banks must only accept letters of credit for the purchase of imports.

ISP98 Rule 3.06(B) Case Study and Comments on Beneficiary Rights

UCP600 Revision: A Tune-Up Opportunity for this Old Vehicle Called the “Letter of Credit”

Letters of credit have been around for decades, probably since the 19th Century or earlier. We are now in the