Documentary Credit World (Page 10)

Confirmation Concerns and Considerations Arising from Strange LC Requirements

When issuing banks insert complex reimbursement terms and self-serving conditions into their credits, it distorts the purpose of the product, causes problems for confirming banks, and drives exporters away from using LCs.

Zahoor Dattu Sep 25, 2024

DCW Feature

Analysis and Insights on ISP98 Rule 2.07

DCW Editorial Note: This previously unpublished material reflects the thinking and writing of Professor James E. Byrne over the period

James Byrne Sep 25, 2024

DCW Articles

eDocuments: how harmonization is driving adoption

Argentine lawyer Jorge Riva highlights how ICC rules are already providing an adequate environment for accommodating electronic means and how intense work continues for expanded use of electronic credits.

Jorge Riva Sep 25, 2024

DCW Articles

Navigating turbulent waters: The Red Sea crisis and its impact on the fight against financial crime

Houthi attacks in the Red Sea have led to major disruptions in global trade routes. With increased criminal activity and reduced visibility, banks are under increased pressure to meet sanctions and counter terrorism requirements.

Claire Franklin, Isabel Baldock Sep 25, 2024

DCW Articles

Trade Finance Magic

Balancing wonder with accessibility is vital for innovation and ethical use of trade tech, especially as advancements transform trade finance, making it more efficient and secure.

Dave Meynell Sep 25, 2024

DCW Articles

Bangladesh: Then, Now, and the Impact on International Trade

Letters of credit represent the bulk of trade services offered by banks in Bangladesh and the country’s tense governmental transition has been closely watched by the industry. In this article, Bangladesh's political and economic challenges and their impact on trade are considered.