DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
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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.
In recent years, the process of digitalizing international trade documents has gained renewed momentum and in this sense the efforts of the International Chamber of Commerce (ICC) have been concentrated within its Digital Standards Initiative (DSI) for the development of standard formulas for digitalizing documents for international trade. DSI has also helped raise awareness of the Uniform Rules for Digital Trade Transactions (URDTT) and alignment of the eUCP rules for documentary credits with the UNCITRAL Model Law on Transferable Electronic Records (MLETR).
We’re pleased to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Two
In the first of his series of DCW articles on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell examines the concept of negotiation.
Letter of credit cases can reveal a great deal about how the industry's practice rules and standards are viewed and interpreted by the courts.
DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for Q2 2024.
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