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 4)
DCW Updates
China Adopts MLETR Principles for Bills of Lading
The Maritime Code of the People's Republic of China was revised and adopted by the 18th Session of
DCW Updates
Selling LCs Short … and Wrong
Misrepresentation of how letters of credit are used has sadly plagued the industry for decades. We are all too familiar
DCW Updates
Report Quantifies Use, Potential of Smart Contracts in Trade Finance
A recent study suggests demand for smart contracts in trade finance is on the ascent due to a variety of
DCW Updates
MUFG Manila Issues Standbys Supporting Renewable Energy Projects
Following official launch of its sustainable trade solutions in the Philippines in November 2025, MUFG Bank, Manila Branch has issued
Q4 2025 CPD Certificate
We’re pleased to share that your Q4 2025 CPD certificate is now ready to download. This counts as 1
DCW Litigation Digest
Petefish Skiles & Co v. Meads-Maes USA Chiren Joint Venture Company [2025]
Case raises important questions and concerns about a URDG guarantee issuer’s obligations and distinguishing an independent bank guarantee from an escrow account arrangement.
DCW Conference Report
2025 Americas LC Law Summit: Executive Summary
For the 26th consecutive year, the IIBLP conducted its one-day Americas Letter of Credit Law Summit. Held in New York City on 5 November 2025 and hosted by Baker McKenzie, the program was organized as a hybrid event. This Executive Summary provides an overview of key topics discussed and debated.
DCW Scam Survey
Investigators Secure Partial Recovery for Scammed Indian Banks
Two Indian banks which lost funds nearly a decade ago from fraudulently obtained letters of credit and non-payment of loans
UCP 600 Discrepancy Checklist (PDF)
A simple and practical reference for bank trade operations teams. Download below. Non members: Join our free mailing list to
DCW: Most Read in 2025
Since going fully online in May 2024, DCW has seen significant growth. The addition of eBooks, CPDs, an expanded archive,
DCW Monthly: December 2025
As the year draws to a close, this month’s DCW focuses on the issues likely to carry into 2026.
DCW Articles
Views on ICC Opinion TA954
Because standbys and demand guarantees often contain automatic extension clauses, ICC Opinion TA954 offers important lessons for practice and the need for sound drafting of such clauses.
