DCW Newsroom

Nigerian Airline Officials Indicted in US for Obstruction of Justice

Further to a story previously reported (Oct 2022 DCW 45), the CEO and founder of Nigerian airline Air Peace, has

LC & Guarantee Issuance: Under or Out of Control?

Debate persists on when an independent undertaking is issued: upon leaving the issuer’s control or only when advised to the beneficiary. Various rules clarify issuance timing.

100% Electronic B/Ls by 2030: The Numbers Behind the Number

On 15 Feb 2023, DCSA members pledged to issue 50% of bills of lading (B/Ls) electronically by 2028 and 100% by 2030, aiming to cut costs and boost global trade.

Bank of England Breaks with Basel, keeps 20% CCF for Trade Instruments

The Bank of England reversed its plan to raise trade finance capital requirements from 20% to 50%, aligning with the EU approach but raising insurance-related requirements.

Pakistan Looks to Deepen Trade & Energy Ties with Russia

Seeking to capitalize on recent meetings with high level officials of Russia and following a July 2024 session of the

Ethiopian Importers Harmed by Country’s Abrupt Foreign Exchange Reforms

Ethiopia’s central bank’s simultaneous announcement and roll out of major foreign exchange reforms on 29 July 2024 caught

Saudi IT Firm Secures Financing Facility from Riyad Bank

Saudi IT firm, Al Moammar Information Systems Company (MIS), obtained a SAR 252 million (USD 67m) financing facility from Riyad

SEC Charges Duo for Their Roles in Prime Bank Program

After US federal government agencies warned that “prime bank” instruments lacked legitimate use in the mid-1990s and the US Securities

Bangladesh Investigators: Insurer Embezzled Funds Linked to 25 LCs

Two officials from Asia Insurance, Bangladesh, were fined for embezzling BDT 22.7M via forged documents linked to TVS Auto.

Indian Firm Using LCs, Accused of Cheating Bank

India’s Central Bureau of Investigation (CBI) is looking into a complaint, alleging that a Mumbai-based civil construction firm and

ISP98 Official Commentary

Standby & Demand Guarantee Practice: Understanding UCP600, ISP98, & URDG 758

The IIBLP eBook comparing UCP600, ISP98, and URDG 758. A comprehensive user's guide for Standby LC and guarantee users.