DCW Monthly: April 2026
The ICC Banking Commission decided not to revise UCP 600 or ISBP 821. The argument: the rules are fine, what&
Further to DCW’s Nov/Dec 2021 Feature, “When is a Guarantee ‘Issued’?”, and comments on how US Revised UCC Article 5 brought clarity to determining when an LC was issued, DCW reprints here the section of a 1993 Study on inappropriate reliance on agency principles.
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