DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
Non-Bank Issuer
3 articles
DCW Litigation Digest
Heytex Bramsche GMBH v. Unity Trade Capital Ltd. [2022]
Vessel Owner appealed summary judgment granted to unreimbursed Issuer that alleged misdelivery. -- footnote 4 link to other case?
DCW Updates
Non-Bank LC Issuance: Concerns Linger
Because of widespread interest on the subject, the ICC Banking Commission issued ICC Opinion TA537 (2002) on when a non-
DCW Text & Forms
ICC Opinion R505 / TA537 (2002) – When a Non-Bank Issues a Letter of Credit
Because of widespread interest in this subject, the ICC Banking Commission decided to post this Official Opinion to its website. Although the title includes reference to UCP 500 Articles 1 and 2, this Opinion is applicable to UCP 600 and is evidence of international standard banking practice.