Join us next week for a free webinar hosted by the Association of Trade Finance Compliance Professionals, exploring recent court
Despite established rules like the eUCP and eURC, the practical implementation of electronic presentations lags. Except perhaps via email and Fax...
-- link to Kuvera case
Exploring measures to prevent illicit arms trade to Myanmar. Learn about evasion techniques, global sanctions, and recommendations for maritime companies and financial institutions. Trade compliance in the aftermath of the Myanmar coup.
Due to its efficiency, convenience, and absence of any geographical restrictions, the electronic insurance policy has become wildly prevalent around the globe.
Confirmation to any modern-day documentary credit is an essential risk mitigation tool for a beneficiary that enables it to deal
The 2-in-1 Standby: a Bid Standby that converts into a longer- term Performance Standby if certain conditions are met.
UK Electronic Trade Documents Act 2023 marks a sea change in trade finance industry. At its core, the Act does something incredibly simple: it provides legal status to electronic trade documents, making them equivalent to their paper counterparts
💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 663 Type of Lawsuit: Beneficiaries sued Confirming Bank that
💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 1071 Type of Lawsuit: Subsequent hearing on an ancillary
UCP600 interpretation challenges arise as banks often misconstrue article purposes. Beneficiaries risk losing payment guarantees due to misinterpretation during credit-complying presentations
Within the recent past, trade finance banks have suffered billions in losses due to fraud. This has obliged many banks to reconsider their role in financing trade flows whilst others have simply abandoned the business. Citing Glencore, Navig8 Armetrine, and Hin Leong
ChatGPT and human oversight for drafting and reviewing LC transactions in the AI age.
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