Nepal Ban on Luxury Goods May Increase Counterfeits
An April 2022 government-imposed ban on imported goods categorized as luxury items intended to curb the outflow of dwindling foreign
Sri Lanka Seeks Coal, but no LCs to Back Sales
Sri Lanka’s Power and Energy Minister has sought Cabinet approval for emergency purchases of coal, but importers have been informed by People’s Bank that it is not possible to open LCs.
2022 ICC Banking Commission Annual Meeting: Executive Summary
DCW's executive summary of the 2022 ICC Banking Commission Annual Meeting reports on ICC Opinions, Swift messaging, the trade finance gap, sustainable trade finance and more.
ICC Releases Technical Advisory Briefing on “Without Delay”
Perceiving a need among the letter of credit community for guidance on interpretation of the phrase “without delay” regarding the
Coastline Solutions Introduces Supply Chain Finance Online Training
Online training provider Coastline Solutions has rolled out their Supply Chain Finance course.
Documents Stalled en Route to China
Global trade bankers in the US are reporting that certain documents and packages sent to destinations in the People’s
Asia Traders Ready, Willing, Unable to Buy Russian Coal
Citing an inability to find an appropriate payment arrangement, would-be purchasers of discounted Russian thermal coal based in Asia have
TradeLens eBL Facilitates Paperless LC with HSBC and Syngenta
In February 2022, digital platform TradeLens announced successful completion of an LC transacted with HSBC and Syngenta using a digital
US Treasury Designates Faciltators of Russian Sanctions Evasion
On 20 April 2022, U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Russian bank,
EU Adopts Fifth Round of Sanctions Against Russia
On 8 April 2022, the Council of the European Union imposed restrictive measures against an additional 217 individuals and 18
Michael Evan Avidon Named 2022 Letter of Credit Lawyer of the Year
The Institute of International Banking Law & Practice (IIBLP) has named Moses & Singer LLP Partner Michael Evan Avidon as