US UCC Article 5’s Non-Variable Provisions
How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
Energy LEAP, an organization comprised of energy trading, service and association entities, drafted and released wording in April 2023 for
Looking back at Professor James E. Byrne's 6 predictions for LCs in 2012 - see how they hold up.
Dave Meynell and Gary Collyer discuss the suitability of ISP98 standby rules for current trade practices.
The evolution from traditional paper Bills of Lading to electronic formats, detailed in ICC Opinion TA.929, reflects a seismic shift; as eB/Ls gain traction through digital platforms like Bolero and pioneering blockchain technology, legal recognition and harmonization lag.
Despite established rules like the eUCP and eURC, the practical implementation of electronic presentations lags. Except perhaps via email and Fax...
Due to its efficiency, convenience, and absence of any geographical restrictions, the electronic insurance policy has become wildly prevalent around the globe.
error in initial date in DCW PDF but fixed here.
The ICC Banking Commission held its 2023 Annual Meeting on 18-19 April 2023 via Zoom, and the DCW Executive Summary follows.
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