DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
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Letter of credit cases can reveal a great deal about how the industry's practice rules and standards are viewed and interpreted by the courts.
ISBP Revision talks heat up on on Day 1 of ICC Commission Annual Meeting on 9 April 2024
David Meynell and Gary Collyer offer a preview of what the ISBP 821 revision process might look like, including fixing gaps and additional digitalisation enhancements.
Prompted by the perceived lack of general awareness of ISBP 821 provisions for handling certificates, the ICC Banking Commission addressed “Handling of Certificates under Documentary Credits subject to the UCP 600” in Technical Advisory Briefing No. 8 (TAB-8).
Summary takeaways from the ICC Banking Commission Technical Meeting
Following its decision to initiate a six-month review of all 140 ICC Opinions issued since formulation of ISBP745 in 2013
The ICC Banking Commission released its “Technical Advisory Briefing No. 1” on the topic of Non-Documentary conditions in Documentary Credits subject to UCP 600.
Following the release of TAB-1, the ICC announced three future TABs for 2023 and beyond.
Letters of credit have been around for decades, probably since the 19th Century or earlier. We are now in the
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