DCW Monthly: April 2026
The ICC Banking Commission decided not to revise UCP 600 or ISBP 821. The argument: the rules are fine, what&
ISP98 Rule 2.06
2 articles
DCW Updates
Seeking Best Practice on Tracing Standby LC Detrimental Amendments
In a bankers’ discussion this month, conversation focused heavily on standby LCs, particularly the handling of amendments. One of questions
January 2006
Automatic Extension – Notice of Non-Extension
The Problem UCC 5-106(b) provides: “After a letter of credit is issued, rights, and obligations of a beneficiary, applicant,
