DCW Updates
September Roundup
September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
September 2024
Analysis and Insights on ISP98 Rule 2.07
DCW Editorial Note: This previously unpublished material reflects the thinking and writing of Professor James E. Byrne over the period
DCW Articles
Navigating turbulent waters: The Red Sea crisis and its impact on the fight against financial crime
Houthi attacks in the Red Sea have led to major disruptions in global trade routes. With increased criminal activity and reduced visibility, banks are under increased pressure to meet sanctions and counter terrorism requirements.
DCW Feature
Trade Finance Magic
Balancing wonder with accessibility is vital for innovation and ethical use of trade tech, especially as advancements transform trade finance, making it more efficient and secure.
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DCW Updates
September Roundup
September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
DCW Updates
ICC Defines Trade Finance
Expressing concern that a poorly constructed definition of trade finance could cause unintended negative consequences for the business, the ICC
September 2024
LC & Guarantee Issuance: Under or Out of Control?
Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
DCW Updates
100% Electronic B/Ls by 2030: The Numbers Behind the Number
On 15 Feb 2023, DCSA members pledged to issue 50% of bills of lading (B/Ls) electronically by 2028 and 100% by 2030, aiming to cut costs and boost global trade.
DCW Updates
Bank of England Breaks with Basel, keeps 20% CCF for Trade Instruments
The Bank of England reversed its plan to raise trade finance capital requirements from 20% to 50%, aligning with the EU approach but raising insurance-related requirements.
DCW Updates
Righting an Irregular Presentation … with a Twist
Beneficiary presented late shipment documents under an LC. The issuing bank deducted penalties without a refusal notice, raising debate on clause 47A-7, UCP 600, and consent.
DCW Updates
Pakistan Looks to Deepen Trade & Energy Ties with Russia
Seeking to capitalize on recent meetings with high level officials of Russia and following a July 2024 session of the
DCW Updates
Ethiopian Importers Harmed by Country’s Abrupt Foreign Exchange Reforms
Ethiopia’s central bank’s simultaneous announcement and roll out of major foreign exchange reforms on 29 July 2024 caught
DCW Updates
DCW Updates
September Roundup
September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
DCW Updates
ICC Defines Trade Finance
Expressing concern that a poorly constructed definition of trade finance could cause unintended negative consequences for the business, the ICC
September 2024
LC & Guarantee Issuance: Under or Out of Control?
Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
DCW Updates
100% Electronic B/Ls by 2030: The Numbers Behind the Number
On 15 Feb 2023, DCSA members pledged to issue 50% of bills of lading (B/Ls) electronically by 2028 and 100% by 2030, aiming to cut costs and boost global trade.
DCW Articles
DCW Articles
Confirmation Concerns and Considerations Arising from Strange LC Requirements
When issuing banks insert complex reimbursement terms and self-serving conditions into their credits, it distorts the purpose of the product, causes problems for confirming banks, and drives exporters away from using LCs.
DCW Articles
eDocuments: how harmonization is driving adoption
Argentine lawyer Jorge Riva highlights how ICC rules are already providing an adequate environment for accommodating electronic means and how intense work continues for expanded use of electronic credits.
July / August 2024
2024 Singapore Annual LC Survey • Executive Summary
This Executive Summary provides an overview of topics discussed and debated by leading professionals at the conference.
DCW Articles
Achieving True Sale on Unfunded Risk Participation: Standby Letters of Credit
Exploring the steps and considerations for banks to effectively navigate the complexities of true sale unfunded risk participation, identifying product and regulatory nuances, and understanding practical applications through use case scenarios.
DCW Litigation Digest
DCW Litigation Digest
Experior Global Warehousing, LLC v. BTC III Hamilton DC LLC [2024]
Applicant motioned for preliminary injunction following failed mediation.
DCW Litigation Digest
Banque De Commerce Et De Placements S.A. v. China Aviation Oil (Singapore) Corp. [2024]
Issuer sued beneficiary alleging sham transaction and breach of warranties; beneficiary and prior sellers lodged indemnification claims.
July / August 2024
Celestial Aviation Services Ltd. v. UniCredit Bank GmbH, London Branch [2024]
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
![Eurobank Ergasias S.A. v. Bombardier Inc. [2024]](/content/images/size/w30/2024/08/eurobank-v-bombadier-court-case-dcw.jpeg)
DCW Litigation Digest
Eurobank Ergasias S.A. v. Bombardier Inc. [2024]
The Canadian Supreme Court affirmed Quebec appellate and trial courts, upholding permanent injunction restraining Counter-Guarantor against payment of demand by Counter-Guarantee Beneficiary.
DCW LC Statistics
DCW LC Statistics
LC Statistics: 2nd Quarter 2023 US Banks
A detailed review and analysis of the letter of credit issuance statistics from US Banks for the 2nd Quarter of 2023.
DCW Scam Survey
September 2024
SEC Charges Duo for Their Roles in Prime Bank Program
After US federal government agencies warned that “prime bank” instruments lacked legitimate use in the mid-1990s and the US Securities
DCW Scam Survey
Bangladesh Investigators: Insurer Embezzled Funds Linked to 25 LCs
Two officials from Asia Insurance, Bangladesh, were fined for embezzling BDT 22.7M via forged documents linked to TVS Auto.
September 2024
Indian Firm Using LCs, Accused of Cheating Bank
India’s Central Bureau of Investigation (CBI) is looking into a complaint, alleging that a Mumbai-based civil construction firm and
DCW Scam Survey
Jail for Georgia Man Who Duped Florida County Using Phony Standby
Further to previous DCW reporting of a scam involving use of a bogus document labelled a standby letter of credit
DCW Conference Report
July / August 2024
2024 Singapore Annual LC Survey • Executive Summary
This Executive Summary provides an overview of topics discussed and debated by leading professionals at the conference.
