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.
A presentation made at a recent meeting of LC bankers offered insights regarding specialists’ understanding of US regulatory requirements with respect to serving semiconductor industry clients.
In December 2024, the US Department of Commerce’s Bureau of Industry and Security (BIS) released additional rules including some designed to strengthen export controls for restricting the capability of People’s Republic of China to produce advanced semiconductors for military applications. These rules, effective 2 December with a delayed compliance date of 31 December 2024 for certain controls, impose controls on many types of semiconductor equipment and technology.
On 15 January 2025, BIS then released rules that update export controls on advanced computing semiconductors designed to mitigate efforts by China to obtain high-end advanced computing semiconductors integral for development and production of technologies such as AI used in military applications. The rules reinforce and build on controls put in place over the past three years. The BIS press release announcing these updates urges exporters to carefully review the full text of the rule which makes changes to existing provisions of the Export Administration Regulations (EAR).
This month, DCW unpacks the legal and practical shifts reshaping trade finance interpretation. Why are ICC Opinions becoming increasingly scarce?
Four years after the Association of Banks in Singapore (ABS) roll out of a “Code of Best Practices – Commodity Financing”
Most specialists in the trade finance industry are well aware of multiple court cases in recent years – many from Singapore
In a recent discussion, LC specialists were asked if they would be willing to issue a standby LC subject to
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