DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
Warranty(ies)
3 articles
Hin Leong Trading
Crédit Agricole Corp. & Inv. Bank, Singapore Branch v. PPT Energy Trading Co. [2023]
The appeal in Zenrock. In a crude oil transaction, a bank issuing an LC accused the buyer of fraud, leading to dishonor of the LC; however, the court ruled in favor of the seller...
DCW Updates
Energy LEAP Drafts Compliance Clauses for Russian Sanctions
Following coordination of price cap sanctions on Russian origin crude oil and petroleum products first put in place in December
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
