DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
ISBP 745
6 articles
DCW Updates
ICC Issues Briefing on Invoice Titles
Citing frequent instances expressed on social media and otherwise where the types of invoices acceptable or not under UCP-issued
DCW Readers Speak
Insurance Certificate’s Signing: Discrepant or Not? And Why?
-- needs image of Marine Certificate of Insurance, p. 46 of May 2023 DCW
DCW Conference Report
2023 ICC Banking Commission Annual Meeting: Executive Summary
The ICC Banking Commission held its 2023 Annual Meeting as a virtual event conducted via the Zoom online platform. An ICC Official Opinion session attracting more than 200 participants took place on 18 April, followed by a Plenary session on 19 April.
DCW Updates
ICC Prepares Alignments of ISBP745, eRules
Following its decision to initiate a six-month review of all 140 ICC Opinions issued since formulation of ISBP745 in
DCW Articles
What Are We Supposed to Do? A Practical Approach to Sanctions Clauses
The position of a banker in the trade finance environment includes trying to reconcile opposite demands of a buyer and a seller.
DCW Articles
Effective Date of Cargo Insurance for Multimodal Transport and Air Transport Shipments
Conflicting interpretations persist over whether insurance documents issued on the actual flight date—but after a transport document’s issuance—are discrepant. This article examines the implications under ISBP 745, UCP600, and CIP Incoterms® 2020, and explains how to avoid costly risk gaps.
