In this issue, we also welcome a new writer, Kevin Tam, who's contributed a provocative article concerning the five-day rule for the issuing and confirming banks to determine whether a presentation is compliant or not. In his view, the relevant articles of UCP 600, sub-articles 14 (b) and 16 (d), may not be applicable to the issuing bank and confirming bank when a presentation has been forwarded to them by the nominated bank for reimbursement. If this is the case, Tam argues, in these circumstances, the five-day rule may not be in accordance with UCP 600. You can decide whether you agree with him.

With the next issue, we'll be beginning our 20th year of DCInsight. The year 2014 could see some modifications in the magazine, and we'll want to have your opinion about them.

Ron Katz