DCW Updates
ICC Banking Commission: AI in Opinion Analysis and Updates on ISBP Review
Following the discussion of ICC Opinions on 2 July 2024, updates on other ICC Banking Commission projects were given. ICC
US Attorney Informed of Pending Motion Regarding International Sanctions
Upon request of its customer, Lummus Technology Heat Transfer B.V., Credit Agricole Corporate & Investment Bank issued a letter
Latest ICC Briefing Paper on UCP600 Practice Addresses Amendments
In an attempt to clarify aspects of UCP600 Article 10, the ICC Banking Commission has issued its 10th Technical Advisory
EU Adopts New Round of Sanctions Directed at Russia
On 24 June 2024, the European Union adopted its 14th round of sanctions (EU Regulation 2024/1745), amending EU Regulation
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
Documentary Collections & Remitting Bank Instructions
The following scenario was widely discussed during a recent meeting among bankers. The relevant details: Outgoing collection documents were sent
LC Requirements for US Entities Seeking Rural Broadband Support Scrutinized
The US Federal Communications Commission (FCC) which oversees program requirements for entities attempting to secure federal funding support for broadband
Digital Trade Finance Puzzle Coming into Focus
Citing passage of the 2023 UK Electronic Trade Documents Act and building momentum across the legal, banking, business, and technology
Singapore Cracks Down: CEO Denied Visa Amid Sanctions Violations
Singapore’s Ministry of Manpower denied a work visa to Philip Adkins, CEO of Red Box Energy Services, in June
Sanctions Clauses in Trade Finance Instruments
Sanctions clauses that are wisely or imprudently constructed continue to be inserted into trade finance instruments and may heavily impact the legal rights and transactional obligations of involved parties.
Dave Meynell Reacts to June 2024 DCW Articles
Various articles from the June 2024 edition of DCW caught the attention of ICC Banking Commission Senior Technical Advisor Dave Meynell who offers the following comments.
English Court Reverses Celestial; UniCredit Right to Refuse Payment
In a high profile case involving standby letters of credit issued in connection with aircraft leases to Russian airlines and
