Christopher Byrnes

Singapore Paper Reveals Banks Pass Inspection, but have Room for Improvement

Four years after the Association of Banks in Singapore (ABS) roll out of a “Code of Best Practices – Commodity Financing”

Charter Party Bills of Lading: Know the Risk Mitigants

Most specialists in the trade finance industry are well aware of multiple court cases in recent years – many from Singapore

Discussion Exposes Troubling Standby Wording and Choice of Rules

In a recent discussion, LC specialists were asked if they would be willing to issue a standby LC subject to

Coordinated Effort Needed to Confront Canada/US Fentanyl Flow

A recent article from a Canadian perspective acknowledges that the Canadian Border Service Agency (CBSA) faces increased pressure to identify

Why So Few ICC Opinions?

In 2022, the ICC Banking Commission began handling and discussing ICC Opinions on a quarterly basis instead of on a

Poorly Worded LCs and Imprecise Discrepancy Notices

ICC Defines Trade Finance

Expressing concern that a poorly constructed definition of trade finance could cause unintended negative consequences for the business, the ICC

Righting an Irregular Presentation … with a Twist

Beneficiary presented late shipment documents under an LC. The issuing bank deducted penalties without a refusal notice, raising debate on clause 47A-7, UCP 600, and consent.