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.
In spite of the ongoing Russia-Ukraine war, Nigeria has re-established its link with Russia for potassium and will take June 2022 delivery of 35,000 metric tonnes of basic raw materials for fertilizer production from Russia. Another 70,000 mt will come from Canada.
Nigeria Sovereign Investment Authority (NSIA) Managing Director and CEO Uche Orji explained in a media briefing that Nigeria has secured LCs for three vessels carrying the materials.
As quoted in Nigerian Tribune, Orji added that “subsequent transactions will likely come from Russia just because it saves us time, it’s one week shorter in terms of sailing time for the vessel from Russia versus Canada.”
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
Gain full access to analysis, cases, eBooks and more with a DCW Free Trial
