DCW Monthly: September 2026
This month's content returns to a question the rules answer clearly and the courts sometimes do not: who
LC Fraud
53 articles
(Page 5)
![Crédit Agricole Corp. & Inv. Bank, Singapore Branch v. PPT Energy Trading Co. [2022]](https://storage.ghost.io/c/6d/b6/6db674cd-2e89-4195-bf79-8273da209ce8/content/images/size/w30/wordpress/2022/03/Credit-agricole-v-PPT-energy-DCW.jpeg)
DCW Feature
Crédit Agricole Corp. & Inv. Bank, Singapore Branch v. PPT Energy Trading Co. [2022]
In a crude oil transaction, a bank issuing an LC accused the buyer of fraud, leading to dishonor of the LC; however, the court ruled in favor of the seller...
DCW Scam Survey
Texas Man Sentenced for Fraud Involving Standby LC
Russell Hearld of Sugar Land, Texas, has been sentenced for wire fraud related to a scam involving a standby letter of credit.