DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
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Working Group VI of the United Nations Commission on International Trade Law (UNCITRAL) held its 45th session, 9-13 December 2024, at the United Nations in Vienna. Emerging from this effort, it is expected that the Working Group’s draft convention on negotiable cargo documents (NCDs) will be finalized and presented to the UN General Assembly for adoption in late 2025.
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DCW Updates
ICC Digital Standards Initiative Announces Refresh
Grappling with a high degree of concern over increasing fragmentation across the digital trade landscape, the ICC Digital Standards Initiative
DCW Updates
ICC Releases Draft Opinions for November 2026 Technical Session
Four draft opinions, two of which dealing with insurance documents and war risk exclusion wording, will be discussed in the
DCW Updates
Court Rules on Disputed “Payment from Applicant” Condition in Weifang v. Euro Exim
The ruling in Weifang JS Trading Co. v. Euro Exim Bank centered on treatment of the Field 47A payment term
DCW Updates
Lloyds Issues, Commerzbank Completes eUCP LC
Commerzbank has announced completion of its first letter of credit involving electronic presentation of digital documents.