This month, DCW unpacks the legal and practical shifts reshaping trade finance interpretation. Why are ICC Opinions becoming increasingly scarce?
Writing as a trade finance professional with a long background in the business, Dave Meynell offers his personal views on factors contributing to the sharp reduction in ICC Official Opinions issued over the past several years.
With the causation defence being increasingly engaged in misdelivery cases, there is a great deal for banks and shipowners to learn from The “Maersk Katalin” case.
Following a career of more than 50 years as a lawyer, including more than three decades concentrating on letters of
Very few banks will now issue an LC using the SWIFT MT799 format as most banks, especially in Europe, will
In a recent discussion, standby specialists took up the matter of a US issuer of a non-transferable standby being presented
Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on
The ICC Banking Commission addresses the subject of “Modifications and Exclusions under Documentary Credits subject to UCP 600” in Technical
Citing media misinformation intended to create uncertainty in the oil and gas market, the State Bank of Pakistan (SBP) issued
The Bureau of Industry and Security (BIS), a division within the US Department of Commerce, announced it is updating its
19-20 October 2022 The ICC Banking Commission held its 2022 Technical Meeting as a hybrid event in-person in Paris and
What can you, as a US bank, do when a customer tells you that they need you to issue a
Long-time trade finance operations manager Francis Ho died 1 October 2022. Francis who started in banking in October 1972 spent
The Central Bank of Egypt announced in a statement released on 27 October 2022 that it will begin a process
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