DCW Updates
DCW Monthly: August 2025
From courtrooms in Illinois to conference halls in Singapore, this issue unpacks the rulings, risks, and rule debates in today’
UCP600
37 articles
(Page 3)
DCW Feature
Application of US Uniform Commercial Code Article 5 in International Letter of Credit Transactions
A look into application of US UCC Article 5 for letter of credits outside of the United States
DCW Updates
Energy LEAP Drafts Standby LC Wording for Oil Industry
Energy LEAP, a not-for-profit organisation in which member companies across the oil trading industry work to define standards which offer
DCW Updates
English Court Says Sanctions Did Not Prevent Bank from Paying under LCs
Further to previous reporting (“Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes”, April 2022 DCW 6), the Commercial
DCW Articles
One Way eUCP’s Aim to Facilitate Electronic Presentation Can Be Advanced
Despite advancements, eUCP has limited use, especially in China. The article discusses the challenges of electronic presentation and underscores the importance of recognizing electronic records on par with paper documents in LC transactions.
DCW Updates
ICC Opinions Discussed at January 2023 Session
Three Draft Opinions were presented for discussion at the ICC Banking Commission’s latest quarterly meeting on 31 January 2023.
DCW Updates
Successor by Operation of Law and Amendments
In a recent discussion, standby specialists took up the matter of a US issuer of a non-transferable standby being presented
DCW Articles
Independent vs. Accessory Guarantees – a Tale of Two Cases: Shanghai Shipyard and Bank Audi
Different jurisdictional interpretations of guarantee law reinforce the need for practice rules in demand guarantee transactions.
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 Updates
Latest ICC Draft Opinions Released for April 2022 Meeting
The ICC Banking Commission has released three Draft Opinions that will be discussed at its next opinion review session that
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-bank
DCW Updates
ICC Technical Advisory Briefing No. 1 (TAB-1) - on Non-Documentary Conditions
The ICC Banking Commission released its “Technical Advisory Briefing No. 1” on the topic of Non-Documentary conditions in Documentary Credits subject to UCP 600.
DCW Feature
Modifications and Exclusions of UCP600 Articles in Commercial Letters of Credit
Practical advice for modifying and excluding UCP600 articles in commercial letters of credit.
