Christopher Byrnes

Greek Bank Denied Insurance Claim on Ship Detained by Venezuela

The UK High Court of Justice, Queen’s Bench Division Commercial Court has ruled against a Greek bank in its

STI Orchard Case Tied to Hin Leong Debacle Merits Further Investigation

In The “STI Orchard”, an in rem admiralty action, the High Court of Singapore denied a financing bank’s motion

Real World Scenario: Confirmation & Sanctions

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

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.

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

Guarantee Facilitation Study Conducted in UAE Market Reveals Major Challenges & Opportunities

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

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