Discrepancy Rates

Discrepancy Rates under UCP 600

In the second instalment of his DCW article series on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell considers the problems contributing to chronically high discrepancy rates and offers viable solutions.

Trend 1: Increasing Complexity in Commercial LCs

What to Watch For: Six Trends in Letter of Credit Practice (2012)

Looking back at Professor James E. Byrne's 6 predictions for LCs in 2012 - see how they hold up.