DCW Updates
Discussion Exposes Troubling Standby Wording and Choice of Rules
In a recent discussion, LC specialists were asked if they would be willing to issue a standby LC subject to
Hong Kong Police Arrest Five Suspects on Charges of Using False LCs
Five individuals attempting to convert letters of credit into USD 10 billion at a bank in Hong Kong on 10
Coordinated Effort Needed to Confront Canada/US Fentanyl Flow
A recent article from a Canadian perspective acknowledges that the Canadian Border Service Agency (CBSA) faces increased pressure to identify
Tech Providers Compete in Trade Transformation Challenge
A high-level workshop for trade & supply chain finance and technology professionals was conducted on 20 February 2025 in Dubai
India Takes Important Step toward New Bills of Lading Law
After some 169 years, India is on the cusp of having a new law for bills of lading.
Mexican Customs: Another Good Reason to Avoid Use of Drafts
When one LC specialist encountered delay after sending drafts and shipping documents to Mexico, the resounding suggestion from industry peers
DCSA+ Pulls Partners in, Leaves Banks Out
On 5 March 2025, the Digital Container Shipping Association (DCSA) based in The Netherlands announced launch of DCSA+, a new
Porch Group Settles with Vesttoo Creditors Liquidating Trust
Porch Group, which has pursued multiple lawsuits in attempting to recover heavy losses from the Vesttoo reinsurance letter of credit
DCW Monthly: March 2025
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
Why So Few ICC Opinions?
In 2022, the ICC Banking Commission began handling and discussing ICC Opinions on a quarterly basis instead of on a
New EAR Controls Prompt Considerations for Banks Serving Semiconductor Industry Clients
A presentation made at a recent meeting of LC bankers offered insights regarding specialists’ understanding of US regulatory requirements with
Bankruptcy Decision on Standard for Review of LC Documents Affirmed on Appeal
After an adverse judgment levied civil sanctions against Marshall Spiegel (Debtor) for vexatious and abusive litigation practices, Debtor/Applicant applied
