Commercial LCs
Banks Authenticating Beneficiaries’ Drawings: Advantageous or Unnecessary?
Fraud prevention is a crucial pursuit, but is an interim/hybrid solution requiring a beneficiary’s bank to vouch for the beneficiary the answer? Or does it introduce added risks?
The “Jeil Crystal” [2024]
💡The “Jeil Crystal” [2024] [2024] SGHC 74 [Singapore] Type of Case: Issuer sued Vessel Owner for misdelivery; Vessel Owner alleged
Standard Chartered, Truist Bank Form Trade Finance Partnership
Standard Chartered, Truist Bank Form Trade Finance Partnership to allow their customers to conduct global business more efficiently.
Sudan Situation “Extremely Grave”
According to DCW sources, continued fighting between warring forces in Sudan has rendered the situation extremely grave for civilians and
Payra Thermal Power Plant in Bangladesh Resumes Production After Coal Shortage
Bangladesh’s largest power plant has resumed production on 25 June 2023 after a 20-day hiatus caused by a shortage
OFAC Sanctions 4 Entities for Aiding Sudanese Conflict
On 1 June 2023, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions controls four companies
2023 ICC Banking Commission Annual Meeting: Executive Summary
The ICC Banking Commission held its 2023 Annual Meeting on 18-19 April 2023 via Zoom, and the DCW Executive Summary follows.
Standard Chartered Bank (Singapore) Ltd. v. Maersk Tankers Singapore Pte. Ltd. [2022]
Beneficiary Lodged Creditor's petition against insolvent Non-Bank Issuer alleging wrongful dishonour.
Comment on the Windsor Township Case of the Lost Original LC
The Windsor Township v. Tompkins Financial Corp. case emphasizes the significance of original letters of credit but questions their necessity in modern electronic transactions.
Bangladesh’s Misinvoicing Problem
No country has greater reliance on letters of credit than Bangladesh so it is reasonable to surmise that reports in
