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.
An appellate court has reversed a trial decision, determining that an “overly burdensome” pleading requirement was applied to the amended
At its third quarterly meeting of the year conducted virtually on 11 July 2023, the ICC Banking Commission reported on
Citing frequent instances expressed on social media and otherwise where the types of invoices acceptable or not under UCP-issued documentary
this has links to Feb 2023 DCW item on EU capital requirements
According to DCW sources, continued fighting between warring forces in Sudan has rendered the situation extremely grave for civilians and
Following coordination of price cap sanctions on Russian origin crude oil and petroleum products first put in place in December
In a move aimed at easing pressures on foreign exchange reserves, Pakistan is designing a bonded bulk storage policy for
Bangladesh’s largest power plant has resumed production on 25 June 2023 after a 20-day hiatus caused by a shortage
For years, compliance specialists within banks have been skeptical that the price checking of traded goods is an effective measure
error in initial date in DCW PDF but fixed here.
Another troubling commodities financing controversy is unfolding in China that bears stark similarities to the Qingdao warehouse scandal of 2014,
On 1 June 2023, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions controls four companies
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