DCW Updates

English Court Decides on Legal Nature of “Classic Performance Bond”

In Power Projects Sanayi Insaat Ticaret Ltd v. Star Assurance Co Ltd,[[1]] the English Commercial Court held that under

Bonded Warehouse Facilities Must be Modernized

Abuse of bonded warehouse facilities by Bangladesh’s readymade garments industry has been gotten worse since the 1990s. By one

ICC Finalizes Opinion on B/L Freight Details

At its first quarterly discussion session of 2026 on 27 January, the ICC Banking Commission finalized ICC Opinion TA958rev. It

ICC NCs to Comment on Future of UCP600, ISBP

Following its January 2026 quarterly discussion session, the ICC released on 11 February 2026 results and points of analysis from

TAB-17 Addresses Handling Surrendered Bills of Lading

Trafigura Wins Nickel Fraud Case, Recovery Process Begins

In Trafigura PTE Ltd. v. Gupta[[1]], a London High Court ruled in favor of Trafigura in its USD 500

Matar Begins New Chapter as Consultancy Director

Following 13 years at Alinma Bank in Riyadh, Saudi Arabia, Khalil Matar left the bank to join SACB Management Solutions

Auditors Found Guilty of Failing to Detect LC Fraud

The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI) has found that two auditors of an Indian

Maritime Piracy & Robbery at Five-Year High

Reported incidents of piracy and armed robbery against ships worldwide in 2025 reached their highest level since 2020 according to

Nigerian Court Freezes Funds of Bank Tied to LC Dispute

A Nigerian court has instructed the freezing of Nigerian Naira 7.15 billion (USD 5 million) at a bank accused

China Adopts MLETR Principles for Bills of Lading

The Maritime Code of the People's Republic of China was revised and adopted by the 18th Session of

Selling LCs Short … and Wrong

Misrepresentation of how letters of credit are used has sadly plagued the industry for decades. We are all too familiar