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.
In a recent discussion circle, LC specialists considered the situation of a bank receiving an MT710 to which the first
An appellate court has reversed a trial decision, determining that an “overly burdensome” pleading requirement was applied to the amended
Roy Johannes Gillar of Las Vegas, Harold Mignott of Voorhees, New Jersey, and Jerrid Douglas, of Freehold, New Jersey received prison sentences of six years, three years, and 45 months respectively, for their actions in a USD 1 million “upfront-fee” scheme which defrauded victims.
A Georgia (USA) man was arrested by detectives of the Manatee County (Florida) Sheriff’s Office and charged with Scheme to Defraud and Money Laundering and detectives have issued an arrest warrant for another Georgia man on charges of Scheme to Defraud and Conspiracy.
At its third quarterly meeting of the year conducted virtually on 11 July 2023, the ICC Banking Commission reported on
Dave Meynell and Gary Collyer identify elements from the ISBP 821 drafting process that could potentially form the basis of a revision to UCP600.
Citing frequent instances expressed on social media and otherwise where the types of invoices acceptable or not under UCP-issued documentary
this has links to Feb 2023 DCW item on EU capital requirements
According to DCW sources, continued fighting between warring forces in Sudan has rendered the situation extremely grave for civilians and
Following coordination of price cap sanctions on Russian origin crude oil and petroleum products first put in place in December
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