DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
Confirmation
6 articles
DCW Updates
Latest TABs Address Confirmation, Procedure for Payment under UCP600
In the latest rollout of its Technical Advisory Briefings (TABs), the ICC Banking Commission has issued TAB No. 13, “Confirmation
DCW Litigation Digest
Banque De Commerce Et De Placements S.A. v. China Aviation Oil (Singapore) Corp. [2024]
Issuer sued beneficiary alleging sham transaction and breach of warranties; beneficiary and prior sellers lodged indemnification claims.
DCW Updates
US Attorney Informed of Pending Motion Regarding International Sanctions
Upon request of its customer, Lummus Technology Heat Transfer B.V., Credit Agricole Corporate & Investment Bank issued a letter
DCW Articles
Insights on Standby & Guarantee Use in Latin America
From formal and informal discussions at CLACE, Miguel Angel Bustamante Morales sheds light on attitudes and approaches of trade specialists in the market towards standby and guarantee use.
Jul/Aug 2016
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
DCW Articles
Counter Standby/Counter Guarantee Practice: The Problems of Nomenclature
The lack of a common nomenclature for counter undertakings invites problems for practice and has plagued the industry for decades. It doesn't have to be this way.
