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Baltimore’s Bridge Collapse: Force Majeure Event (or Not)?

At 1:29 AM on 26 March 2024, the 300-meter container vessel Dali lost power as it was departing from Baltimore (Maryland) harbor.  Does this constitute a force majeure event?

Vessel Due Diligence: The Major Sanctions Risks FIs Face

FIs have many risks complying with OFAC maritime sanctions, including the "dark fleet". Read about the economic and environmental risks.

2024 ICC Banking Commission Annual Meeting: Executive Summary

LC Stats: Comparing 4Q 2019 to 4Q 2023 for US Banks

Charting 4 years of issuance for the top 50 US-based LC banks. See who moved into the top 50, and how things have shifted from pre to post Covid.

Trend 1: Increasing Complexity in Commercial LCs

Trend 2: Electrification of the LC

Trend 3: Continuing Trouble with Demand Guarantees

Trend 4: Shift to Commercial Standbys

Trend 5: The Sanctions Challenge

Trend 6: The Increasing Significance of Law

What to Watch for: Six Trends in Letter of Credit Practice | Revisited

In 2012, Professor James E. Byrne identified six emerging trends affecting the continued value and profitability of LCs. In their capacity as DCW Editorial Advisory Board members, experienced practitioners offer commentary