The “Dark Fleet” exposes financial institutions to sanctions violations, lawsuits, and losses. Learn how to mitigate these hidden risks.
DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
We’re excited to announce an exclusive new benefit for DCW subscribers—select IIBLP eBooks are now included as part
Energy LEAP, an organization comprised of energy trading, service and association entities, drafted and released wording in April 2023 for a standby letter of credit form designed to support oil and gas transactions. Although slight changes to the form are being contemplated, the current form available from Energy LEAP may be used by any company.
As pointed out in previous DCW reporting, the form seeks to allow electronic presentation of a demand by the beneficiary directly to the issuer and is intended to be compatible with either ISP98 or “eUCP 600” as applicable rules. This, even as eUCP usage remains negligible throughout the LC world.
We’re pleased to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Two
In addition to treatment of two ICC Draft Opinions, highlighting the first day of the next ICC Banking Commission Meeting
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