DCW Monthly: March 2026
This month’s content highlights a familiar reality in letter of credit law & practice: structure alone does not guarantee
Latest news (Page 21)
DCW Updates
In Memoriam: Francisco Rodriguez
Francisco Rodriguez, a talented and dedicated trade finance specialist, passed away on 17 December 2024. He was 70 years of
DCW Updates
Air Waybills and Questions of Endorsement
A letter of credit scenario was discussed during a recent meeting of bankers involving a commercial LC calling for “Original
DCW Updates
UNCITRAL’s Draft Convention on Negotiable Cargo Documents Entering Final Phase
Working Group VI of the United Nations Commission on International Trade Law (UNCITRAL) held its 45th session, 9-13 December 2024,
DCW Updates
ABA and BAFT Announce Split
The American Bankers Association (ABA) and The Bankers Association for Finance and Trade (BAFT), a prominent global association for international
DCW Articles
Standby LCs: A Reliable Tool in International Trade
Low default rates, increased flexibility, technological advancements and evolving regulations make standby letters of credit (SBLCs) an appealing option in international trade
DCW Articles
Questions and Observations on the Shinetec Case
A dispute involving an ISP98 standby and litigation in two jurisdictions raises a host of considerations. Here, Carter Klein comments on five facets of the Shinetec (Australia) Pty Ltd. v. The Gosford Pty Ltd Australian appellate court decision.
DCW Articles
Shining Light on the Fading Concept of Strict Compliance
In the third instalment of his DCW article series on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell confronts continuing misplaced reliance on strict compliance.
DCW LC Statistics
LC Statistics: 3Q24 US Bank LC Issuance
DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for 3Q 2024.
January 2025
Receiving Direct Presentation from a Second Beneficiary: What’s an Issuing Bank to Do?
How are LC specialists to understand UCP600 Article 38(k) in situations where a second beneficiary bypasses the transferring bank and presents documents directly to the issuing bank? Scenarios, fundamental issues, and a proposal for revising this UCP sub-article are addressed here.
DCW Articles
Hard Cases – Taking Stock of How Trader Defaults and Geopolitical Events Shaped LC Court Decisions in 2024
In the first of a two-part article, Robert Parson looks back at major LC court cases of 2024 and their impact on an increasingly complex environment for trade finance.
