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
Sanctions clauses that are wisely or imprudently constructed continue to be inserted into trade finance instruments and may heavily impact the legal rights and transactional obligations of involved parties.
Various articles from the June 2024 edition of DCW caught the attention of ICC Banking Commission Senior Technical Advisor Dave Meynell who offers the following comments.
In a high profile case involving standby letters of credit issued in connection with aircraft leases to Russian airlines and
The onset of the global pandemic in March 2020 necessitated immediate and sometimes drastic changes in how banks and other
United Nations Commission on International Trade Law (UNCITRAL) Working Group VI (Negotiable Cargo Documents) held its 44th Session at the
In a bankers’ discussion this month, conversation focused heavily on standby LCs, particularly the handling of amendments. One of questions
England and Wales’ High Court of Justice has determined that legal proceedings between aircraft leasing companies and insurers over aircraft
On 10 June 2024, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions ten individuals, entities,
Global trade & commerce – and specifically letters of credit – rank among the “Top 10 Use Cases for Blockchain”, according to
Further to previous DCW reporting of a scam involving use of a bogus document labelled a standby letter of credit
A man accused of willfully causing EUR 2.37 million in financial loss to Ghana by having letters of credit
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