Christopher Byrnes

Broadband Providers Push Back against US Gov LC Requirement

A coalition of internet service providers, broadband associations, and digital equity advocates in the US are challenging a requirement that applicants for federal broadband funding must furnish a letter of credit in order to receive funds.

Charter Party B/L Showing Two Shipping Dates: Acceptable or Not?

In a recent discussion circle, LC specialists considered the situation of a bank receiving an MT710 to which the first

Court Reverses on California’s Excessive LC Fees Claim

An appellate court has reversed a trial decision, determining that an “overly burdensome” pleading requirement was applied to the amended

Three Sentenced to Prison in Standby LC Scam

Roy Johannes Gillar of Las Vegas, Harold Mignott of Voorhees, New Jersey, and Jerrid Douglas, of Freehold, New Jersey received prison sentences of six years, three years, and 45 months respectively, for their actions in a USD 1 million “upfront-fee” scheme which defrauded victims.

Manatee County (Florida) Defrauded of USD 1.4 Million

A Georgia (USA) man was arrested by detectives of the Manatee County (Florida) Sheriff’s Office and charged with Scheme to Defraud and Money Laundering and detectives have issued an arrest warrant for another Georgia man on charges of Scheme to Defraud and Conspiracy.

ICC Meeting Announces & Reflects on Frustrating, Disappointing Results

At its third quarterly meeting of the year conducted virtually on 11 July 2023, the ICC Banking Commission reported on

UCP 600 Revision Talk Resurfaces

Dave Meynell and Gary Collyer identify elements from the ISBP 821 drafting process that could potentially form the basis of a revision to UCP600.

ICC Issues Briefing on Invoice Titles

Citing frequent instances expressed on social media and otherwise where the types of invoices acceptable or not under UCP-issued documentary

Practically Speaking, What Does the UK Act Mean for Digital Trade Transactions?

EU Maintains Capital Requirements for Performance-Related Trade Products

this has links to Feb 2023 DCW item on EU capital requirements

Sudan Situation “Extremely Grave”

According to DCW sources, continued fighting between warring forces in Sudan has rendered the situation extremely grave for civilians and

Ex-Owners of Ukrainian Bank Accused of Defrauding on “Epic Scale”