DCW Feature
Analysis and Insights on ISP98 Rule 4.18
Explore ISP98 Rule 4.18 on negotiable documents, addressing endorsement, presentation, and transfer in standbys, with analysis and insights.
Toxic Tonnage: How the Dark Fleet puts the world at environmental & economic risk
The “Dark Fleet” exposes financial institutions to sanctions violations, lawsuits, and losses. Learn how to mitigate these hidden risks.
DCW Monthly: October Insights
We’re pleased to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Two
Should "Negotiation" Continue to be a Form of Availability within UCP?
In the first of his series of DCW articles on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell examines the concept of negotiation.
Notable Chinese Supreme People's Court Cases Involving Application of ISBP
Letter of credit cases can reveal a great deal about how the industry's practice rules and standards are viewed and interpreted by the courts.
LC Statistics: 2Q24 US Bank LC Issuance
DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for Q2 2024.
China Construction Bank Sued Over LC Fraud Connected to Vesttoo
White Rock, an insurance solutions provider owned by Aon, filed a lawsuit on 27 August 2024 against China Construction Bank
Australia and New Zealand Banking Group Ltd. Manila Branch v. China National Electric Engineering Co., Ltd. & Bank of Jiangsu [2023]
Disputes over Independent Guarantee Fraud, Independent Guarantee Payment, and Improper Dishonor
Bayport Polymers LLC v. CB&I, LLC [2024]
Beneficiary Bayport Polymers appealed temporary injunction restraining presentation of LC documents.
Confirmation Concerns and Considerations Arising from Strange LC Requirements
When issuing banks insert complex reimbursement terms and self-serving conditions into their credits, it distorts the purpose of the product, causes problems for confirming banks, and drives exporters away from using LCs.
Analysis and Insights on ISP98 Rule 2.07
DCW Editorial Note: This previously unpublished material reflects the thinking and writing of Professor James E. Byrne over the period
eDocuments: how harmonization is driving adoption
Argentine lawyer Jorge Riva highlights how ICC rules are already providing an adequate environment for accommodating electronic means and how intense work continues for expanded use of electronic credits.
