Tom Cardamone, Jr. - Documentary Credit World

Sanctions Clauses in Trade Finance Instruments

Sanctions clauses that are wisely or imprudently constructed continue to be inserted into trade finance instruments and may heavily impact the legal rights and transactional obligations of involved parties.

Christopher Byrnes, Khalil Matar Jul 9, 2024

DCW Updates

Dave Meynell Reacts to June 2024 DCW Articles

Various articles from the June 2024 edition of DCW caught the attention of ICC Banking Commission Senior Technical Advisor Dave Meynell who offers the following comments.

Dave Meynell Jul 8, 2024

June 2024

English Court Reverses Celestial; UniCredit Right to Refuse Payment

In a high profile case involving standby letters of credit issued in connection with aircraft leases to Russian airlines and

DCW Newsroom Jun 25, 2024

Vessel Ownership, Trade Finance and Regulatory Compliance

This paper explores vessel risk based upon whether Group Ownership information is known or unknown for each vessel alongside identified compliance behavior.