DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
Following his writing in the past two editions of DCW, Robert Parson examines legal developments on sanctions and sanctions clauses that have arisen in courts recently and implications for LC practice.
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.
On 15 February 2023, the Digital Container Shipping Association (DCSA) comprised of nine of the world’s largest container shipping companies announced its commitment to issue 50% of their bills of lading digitally within five years and all B/Ls electronically by 2030.
According figures cited by DCSA, shifting away from the transfer of physical, paper-based B/Ls could save stakeholders about USD 6.5 billion in direct costs and spur USD 30-40 billion in annual global trade growth.
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
In 2022, the ICC Banking Commission began handling and discussing ICC Opinions on a quarterly basis instead of on a
A presentation made at a recent meeting of LC bankers offered insights regarding specialists’ understanding of US regulatory requirements with
After an adverse judgment levied civil sanctions against Marshall Spiegel (Debtor) for vexatious and abusive litigation practices, Debtor/Applicant applied
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