Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
Gabriel SHAM is an independent consultant providing training and advice on trade finance matters to banks and corporates. He is a DCW Editorial Advisory Board Member.
Singapore's TradeTrust, developed by IMDA, integrates global standards, UNCITRAL's MLETR, and blockchain, allowing verification of electronically issued documents for global trade.
