DCW Feature

International Standby Practices ISP98 – 25 Years

Explore ISP98's evolution and global impact on standby LCs - 25 years on. Discover its unique features, comparisons with UCP 600 & URDG 758, and the challenges users face.

Analysis and Insights on ISP98 Rule 1.02

ISP98 Rule 1.02: Relationship to Law and Other Rules

Overview of Electronic Transferable Records and Trade Finance Digitalization Practice in China

The Celestial Case: Does the UK Regulation Render Confirmer’s Payment Illegal?

UK Digitalisation of Trade

UK Electronic Trade Documents Act 2023 marks a sea change in trade finance industry. At its core, the Act does something incredibly simple: it provides legal status to electronic trade documents, making them equivalent to their paper counterparts

Fraud: Losses, Losers, and LOIs

Within the recent past, trade finance banks have suffered billions in losses due to fraud. This has obliged many banks to reconsider their role in financing trade flows whilst others have simply abandoned the business. Citing Glencore, Navig8 Armetrine, and Hin Leong

Application of US Uniform Commercial Code Article 5 in International Letter of Credit Transactions

A look into application of US UCC Article 5 for letter of credits outside of the United States

Originality of Paper and Electronic Documents (Part 3)

Pavel Andrle's exploration of the originality of paper and electronic documents - Part 3 of a three part series.

Understanding and Application of the Right of Recourse Under the PRC Supreme People’s Court’s Guarantee Rules

Exploring the guarantor's right of recourse, analyzing legal concepts, international banking practices, and banking structures in China. Specifically guarantees and counter guarantees.