ICC Opinions: Why has Usage Reduced?
Writing as a trade finance professional with a long background in the business, Dave Meynell offers his personal views on factors contributing to the sharp reduction in ICC Official Opinions issued over the past several years.
Causation in Misdelivery Cases: The “Maersk Katalin”
With the causation defence being increasingly engaged in misdelivery cases, there is a great deal for banks and shipowners to learn from The “Maersk Katalin” case.
Views on ISDGP’s Explanation of URDG 758 Article 15(c)
URDG 758 Article 15(c) makes clear that the requirement stated in Article 15(a) always applies unless expressly excluded in the guarantee, but does ISDGP help or harm in explaining this provision?
Gain full access to analysis, cases, eBooks and more with a DCW Free Trial
Latest
DCW Monthly: April 2025
This month, DCW unpacks the legal and practical shifts reshaping trade finance interpretation. Why are ICC Opinions becoming increasingly scarce?
Singapore Paper Reveals Banks Pass Inspection, but have Room for Improvement
Four years after the Association of Banks in Singapore (ABS) roll out of a “Code of Best Practices – Commodity Financing”
Charter Party Bills of Lading: Know the Risk Mitigants
Most specialists in the trade finance industry are well aware of multiple court cases in recent years – many from Singapore
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
DCW Articles
Under LC Rules, What is a Complying Certification of a Court Order?
Beyond questions on the rule of strict construction of LC terms, the In re Spiegel case should engender a discussion of the requirements of UCP vs. ISP on what certified means with respect to a government or court-issued document.
Addressing Misconceptions of Electronic Signatures
There's more (or less) to signatures than how they are labelled. In his article, Dr. Alan Davidson sheds light on variants of electronic signatures.
Standby LCs: A Reliable Tool in International Trade
Low default rates, increased flexibility, technological advancements and evolving regulations make standby letters of credit (SBLCs) an appealing option in international trade
Questions and Observations on the Shinetec Case
A dispute involving an ISP98 standby and litigation in two jurisdictions raises a host of considerations. Here, Carter Klein comments on five facets of the Shinetec (Australia) Pty Ltd. v. The Gosford Pty Ltd Australian appellate court decision.
DCW Updates
DCW Monthly: April 2025
This month, DCW unpacks the legal and practical shifts reshaping trade finance interpretation. Why are ICC Opinions becoming increasingly scarce?
Singapore Paper Reveals Banks Pass Inspection, but have Room for Improvement
Four years after the Association of Banks in Singapore (ABS) roll out of a “Code of Best Practices – Commodity Financing”
Charter Party Bills of Lading: Know the Risk Mitigants
Most specialists in the trade finance industry are well aware of multiple court cases in recent years – many from Singapore
DCW Litigation Digest
Ee Hup Construction Pte Ltd. v. China Jingye Engineering Corp. [2025]
Applicant appealed Singapore trial court decision granting partial injunction on performance bond.
ERA Capital L.P. v. Soleil Chartered Bank [2024]
Bench trial for negligent misrepresentation claim by beneficiary against advising bank.
Iberdrola Energy Projects v. Oaktree Capital Management LP [2024]
Contractor-applicant appealed dismissal of complaint against principal of insolvent beneficiary and judgment debtor.
CTBC Bank Co. v. Industrial Commercial Bank of China Ltd. [2024]
Issuer ICBC applied to stay action alleging forum non conveniens.
DCW Conference Report
February 2025 ICC Banking Commission Meeting: Executive Summary
The ICC Banking Commission returned to Dubai, UAE, for its 2025 Annual Meeting on 17 February. The one-day event was organized by ICC UAE and hosted by Dubai Chambers. In addition to those participating in-person, others attended virtually.
November 2024 ICC Banking Commission Meeting: Executive Summary
The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
2024 Americas LC Law Summit: Executive Summary
For the 25th consecutive year, the Institute of International Banking Law & Practice conducted its one-day Letter of Credit Law Summit. This Executive Summary provides an overview of topics discussed and debated at the conference hosted by Hogan Lovells in New York and conducted as a hybrid event.
2024 ABA/ABA Financial Crimes Enforcement Conference: Executive Summary
Conducted by the American Bar Association and the American Bankers Association (ABA), the 36th annual ABA/ABA Financial Crimes Enforcement Conference took place 8-9 October 2024 in Arlington, Virginia.
DCW LC Statistics
LC Statistics: 3Q24 US Bank LC Issuance
DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for 3Q 2024.
LC Statistics: 2Q24 US Bank LC Issuance
DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for Q2 2024.
LC Statistics: 1Q24 US Bank LC Issuance
DCW reports quarterly LC issuance statistics from the top 600 banks headquartered in the U.S.
DCW Scam Survey
India’s CBI Seeks to Unravel Fraud Allegations in 2017 Case
India’s Central Bureau of Investigation (CBI) is looking into alleged collusion in a case initiated in 2017 relating to
Indian Cases: Often Misunderstood and Misreported
Having seen your recent installment of DCW Scam Survey covering Indian cases (Indian Importer, Officials Booked for Cheating Tied to
P&R Containers’ Reputation, Business Habits Masked EUR 3 Billion Shell Game
P&R Containers was not a run-of-mill investment scam. And that contributed heavily in making it one of Germany’