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.
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
💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 663 Type of Lawsuit: Beneficiaries sued Confirming Bank that
According to DCW sources, continued fighting between warring forces in Sudan has rendered the situation extremely grave for civilians and
💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 1071 Type of Lawsuit: Subsequent hearing on an ancillary
Seller/Beneficiary moved for default judgment; Issuer alleged previous order required correction.
UCP600 interpretation challenges arise as banks often misconstrue article purposes. Beneficiaries risk losing payment guarantees due to misinterpretation during credit-complying presentations
Issuer sued Applicant for reimbursement.
Following coordination of price cap sanctions on Russian origin crude oil and petroleum products first put in place in December
Bangladesh’s largest power plant has resumed production on 25 June 2023 after a 20-day hiatus caused by a shortage
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