DCW Updates
September Roundup
September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
1 min read
On 10 June 2024, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions ten individuals, entities, and vessels in multiple jurisdictions that have engaged in the illicit transport of oil and other commodities, including for the network of Houthi financier Sa’id al-Jamal.
The action is directed at maritime shipping and financial facilitators, vessel managers and owners, and a company involved in forging shipping documents. It is the seventh round of sanctions initiated in October 2023 that is aimed at disrupting the network of Sa’id al-Jamal.
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DCW Updates
September Roundup
September's DCW is live! We have an exciting fresh batch of content that's just launched. Scroll
DCW Updates
ICC Defines Trade Finance
Expressing concern that a poorly constructed definition of trade finance could cause unintended negative consequences for the business, the ICC
September 2024
LC & Guarantee Issuance: Under or Out of Control?
Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.
DCW Updates
100% Electronic B/Ls by 2030: The Numbers Behind the Number
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.