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
53 articles
(Page 2)
DCW Feature
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DCW Editorial Note: This previously unpublished material reflects the thinking and writing of Professor James E. Byrne over the period
DCW Articles
US UCC Article 5’s Non-Variable Provisions
How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
DCW Updates
Will A Model SBLC Form Energize eUCP Use?
Energy LEAP, an organization comprised of energy trading, service and association entities, drafted and released wording in April 2023 for
DCW Updates
Hindsight since 2020: Market Trends Shaping Standby Practice
The onset of the global pandemic in March 2020 necessitated immediate and sometimes drastic changes in how banks and other
DCW Feature
ISP98, A Success Story
A member of the ISP drafting group offers perspective on the vision, birth, development, and future of the international rules built 25 years ago for standby LC practice.
DCW Articles
Three Recent ICC DOCDEX Decisions Applying the ISP98 Rules
Recent ICC Doxdex decisions (Nos. 367, 373, 382) interpret ISP98 rules, aiding parties in standby LC transactions.
DCW Articles
Analysis and Insights on ISP98 Rule 3.07
ISP98 Rule 3.07: Separateness of Each Presentation
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.