LC Disclaimers for Government Regulations DVD

With the proliferation of regulatory requirements impacting LCs, LC banks are increasingly concerned about exposure  as a result of various governmental regulations. To address these concerns, disclaimer clauses are now appearing in LCs. This program explains what these clauses address, whether or not they actually work, and the problems that they cause.

Discussion Outline
1. Regulatory Compliance
2. Consequences for LC Practice
3. Sample Clauses
4. Concerns & Goals
5. Recommendations