The Central Bank of Egypt announced in a statement released on 27 October 2022 that it will begin a process of phasing out mandatory use of LCs for import finance by December 2022.
The policy, implemented in March 2022, was designed to curtail US dollar outflow but instead stifled imports resulting in severe shortages of consumer goods.
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This month, DCW unpacks the legal and practical shifts reshaping trade finance interpretation. Why are ICC Opinions becoming increasingly scarce?
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Four years after the Association of Banks in Singapore (ABS) roll out of a “Code of Best Practices – Commodity Financing”
Charter Party Bills of Lading: Know the Risk Mitigants
Most specialists in the trade finance industry are well aware of multiple court cases in recent years – many from Singapore
