The “Dark Fleet” exposes financial institutions to sanctions violations, lawsuits, and losses. Learn how to mitigate these hidden risks.
DCW maintains a list of recently-decided court cases involving commercial letters of credit, demand guarantees, and other trade finance instruments.
We’re excited to announce an exclusive new benefit for DCW subscribers—select IIBLP eBooks are now included as part
On 15 Feb 2023, DCSA members pledged to issue 50% of bills of lading (B/Ls) electronically by 2028 and 100% by 2030, aiming to cut costs and boost global trade.
The Bank of England reversed its plan to raise trade finance capital requirements from 20% to 50%, aligning with the EU approach but raising insurance-related requirements.
Beneficiary presented late shipment documents under an LC. The issuing bank deducted penalties without a refusal notice, raising debate on clause 47A-7, UCP 600, and consent.
Ethiopia’s central bank’s simultaneous announcement and roll out of major foreign exchange reforms on 29 July 2024 caught
Seeking to capitalize on recent meetings with high level officials of Russia and following a July 2024 session of the
After US federal government agencies warned that “prime bank” instruments lacked legitimate use in the mid-1990s and the US Securities
Saudi IT firm, Al Moammar Information Systems Company (MIS), obtained a SAR 252 million (USD 67m) financing facility from Riyad
Two officials from Asia Insurance, Bangladesh, were fined for embezzling BDT 22.7M via forged documents linked to TVS Auto.
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.
India’s Central Bureau of Investigation (CBI) is looking into a complaint, alleging that a Mumbai-based civil construction firm and
DCW Editorial Note: This previously unpublished material reflects the thinking and writing of Professor James E. Byrne over the period
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.
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